Buzz Stocks: Hyatt Hotels Corporation, Cal-Maine Foods Inc, and KaloBios Pharmaceuticals Inc

Today's stocks to watch include Hyatt Hotels Corporation (NYSE:H), Cal-Maine Foods Inc (NASDAQ:CALM), and KaloBios Pharmaceuticals Inc (NASDAQ:KBIO)

Josh Selway

Dec 24, 2015 at 9:19 AM

H
KBIO
CALM

The Dow Jones Industrial Average (DJIA) may not be able to carry its bullish momentum into the long holiday weekend, as futures are sitting below fair value. Among the equities in focus are hotelier Hyatt Hotels Corporation (NYSE:H), egg producer Cal-Maine Foods Inc (NASDAQ:CALM), and drug company KaloBios Pharmaceuticals Inc (NASDAQ:KBIO).

H is edging lower ahead of the open, after the firm announced its payment system felt victim to a malware attack. It's already been a disappointing year for the stock, which has dropped 18% to trade at $49.36. Traders have positioned themselves bearishly, with Hyatt Hotels Corporation's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) standing at 16.19 -- just one percentage point from an annual high.

CALM is getting battered in pre-market trading, dropping 4.2% in light of the company's disappointing turn in the earnings booth. The stock has picked up 27% in 2015, settling Wednesday at $49.59 -- but CALM is off nearly 22% from its mid-October high of $63.25. For short sellers, this post-earnings dip will be a welcome holiday gift. Specifically, short interest represents over half of Cal-Maine Foods Inc's float. At average daily volumes, it would take bears almost five weeks to repurchase all their positions.

KBIO, which hasn't traded since Dec. 17, received a delisting notice from the Nasdaq stock exchange, which cited the recent arrest of now-fired CEO Martin Shkreli as a contributing factor to the decision. The stock was last seen at $23.59, but was set to lose half its value before being halted. Short sellers have flocked to KaloBios Pharmaceuticals Inc since it spiked in November, with short interest more than doubling in the latest reporting period.

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