Buzz Stocks: Under Armour Inc, Neos Therapeutics Inc, and Amazon.com, Inc.

Today's stocks to watch include Under Armour Inc (UA), Neos Therapeutics Inc (NEOS), and Amazon.com, Inc. (AMZN)

by Andrea Kramer

Published on Jan 28, 2016 at 9:48 AM
Updated on Jun 24, 2020 at 10:16 AM

U.S. stocks are notably higher this morning, thanks to surging oil prices and solid blue-chip earnings. Among the equities in focus are athletic apparel issue Under Armour Inc (NYSE:UA), biotech Neos Therapeutics Inc (NASDAQ:NEOS), and e-commerce concern Amazon.com, Inc. (NASDAQ:AMZN). 

  • UA is 18.6% higher at $81.32, after the firm reported stronger-than-expected quarterly earnings and offered upbeat revenue guidance. The stock -- which hit an annual low of $63.23 on Jan. 20 -- could take out its 10-week moving average for the first time since mid-October. Recent options traders are likely jeering the earnings beat, though. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), UA's 10-day put/call volume ratio sits at an annual high of 2.43. Plus, it would take about two weeks to buy back all the shorted UA shares, at the equity's average pace of trading -- an ample supply of sideline cash to drive more gains.
  • NEOS is up 32.6% at $12.49, after the Food and Drug Administration (FDA) approved Adzenys XR-ODT, the company's long-lasting ADHD treatment -- the first of its kind. The stock just yesterday hit an all-time low of $8.91, and was down more than 34% for 2016. The security could enjoy more upside, too, should short sellers rush to cover. Short interest represents a healthy 7.7% of Neos Therapeutics Inc's total float -- or five days' worth of pent-up buying demand, at NEOS' average daily trading volume.

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