Buzz Stocks: Reynolds American, Inc., Novavax, Inc., and Yahoo! Inc.

Today's stocks to watch include Reynolds American, Inc. (RAI), Novavax, Inc. (NVAX), and Yahoo! Inc. (YHOO)

by Mark Fightmaster

Published on Sep 29, 2015 at 10:20 AM

U.S. benchmarks are modestly higher this morning, bouncing back from yesterday's sell-off. Today's equities in focus are cigarette company Reynolds American, Inc. (NYSE:RAI), vaccine maker Novavax, Inc. (NASDAQ:NVAX), and Internet giant Yahoo! Inc. (NASDAQ:YHOO).

  1. RAI is 1.5% higher at $44.05 this morning, and just tagged a record peak of $44.44, after news surfaced that it will sell its non-U.S. Natural American Spirit tobacco business to Japan Tobacco Inc for $5 billion. The deal between Japan Tobacco and Reynolds American, Inc. will need regulatory approval and should close in early 2016. Technically, shares of RAI have added nearly 38% in 2015, cruising along support from their 10-week moving average. While RAI has racked up steady gains, option players remain skeptical. At last check, the equity's 10-day put/call volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 0.72 is higher than 77% of the readings taken during the past 52 weeks. An exodus of option bears could help push the stock higher.

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