Buzz Stocks: FXCM Inc, Sunedison Inc, and Zumiez Inc.

Today's stocks to watch include FXCM Inc (FXCM), Sunedison Inc (SUNE), and Zumiez Inc. (ZUMZ)

by Alex Eppstein

Published on Mar 11, 2016 at 9:28 AM

A bounce in oil prices has stocks poised for a fast start out of the gate. Among equities in focus are forex concern FXCM Inc (NYSE:FXCM), solar stock Sunedison Inc (NYSE:SUNE), and apparel retailer Zumiez Inc. (NASDAQ:ZUMZ).

  • FXCM reported a roughly $105 million net loss during the fourth quarter and a 34% year-over-year drop in revenue. In addition, the foreign exchange firm extended its credit agreement with Leucadia National Corp. (NYSE:LUK) by one year. The stock market is apparently not impressed, with FXCM Inc sitting more than 20% lower ahead of the open. It's a tough break for the shares, which have been rallying off their record low of $5.26 in December to settle yesterday at $14.57. While owners of FXCM stock may not be pleased with a potential sell-off, short sellers would be -- and there are plenty of them. Plus, short-term option traders appear to be bearishly aligned, too, as FXCM's Schaeffer's put/call open interest ratio (SOIR) of 0.32 ranks in the 85th percentile of its annual range.
  • ZUMZ has shed close to 8% ahead of the bell, after the retailer's current-quarter earnings and sales forecasts came up short of estimates. The reaction among analysts has been mixed, as Mizuho and Jefferies raised their respective price targets to $19 and $20, while Wedbush cut its target to $17. Zumiez Inc. has been on fire in 2016, gaining 44.7% to trade at $21.88. At the same time, however, the stock has been a popular target among short sellers. Over one-quarter of ZUMZ's float is dedicated to short interest, and at its average trading volumes, it would take nearly 13 sessions to cover all of these bets.
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