Buzz Stocks: Twitter Inc, Tesla Motors Inc, and Allergan plc

Today's stocks to watch in the news include Twitter Inc (TWTR), Tesla Motors Inc (TSLA), and Allergan plc Ordinary Shares (AGN)

Apr 5, 2016 at 9:42 AM
facebook X logo linkedin


Stocks are lower at the open, as crude futures crumble. Meanwhile, among specific stocks to watch in the news are social media firm Twitter Inc (NYSE:TWTR), electric car company Tesla Motors Inc (NASDAQ:TSLA), and drugmaker Allergan plc Ordinary Shares (NYSE:AGN).

  • After breaking out yesterday amid rumors of a possible high-profile partnership, shares of TWTR are up 3.4% at $17.67. Boosting the stock is buzz that Twitter Inc has won the rights to stream the NFL's Thursday night games, reportedly outbidding such heavyweights as Amazon.com, Inc. (NASDAQ:AMZN) and Yahoo! Inc. (NASDAQ:YHOO). Longer term, TWTR has struggled, shedding roughly two-thirds of its value year-over-year. Analysts remain relatively split, however, with 12 maintaining a "buy" or better rating on TWTR, and 15 deeming the stock a "hold" or worse.

  • TSLA has been on a wild ride in recent weeks, as optimism over the company's new Model 3 helped lift the stock nearly 13% from its most recent low of $215, tagged on March 24. The stock is down 2.1% to $241.83 this morning, after Tesla Motors Inc explained that "severe shortages" of Model X parts were to blame for a first-quarter delivery miss. Today's price move could come as a welcome respite for short sellers, considering more than 31% of TSLA's float is sold short. It would take nearly seven sessions to cover these bearish bets, at the stock's average daily pace of trading.

  • The shares of AGN dropped 14.9% dropped out of the gate to $236.29 -- and touched a new annual-low of $226.62 -- following a potential regulatory hurdle to the company's proposed merger with Pfizer Inc. (NYSE:PFE). Specifically, the U.S. Treasury Department on Monday said it plans to implement measures to stop corporate tax inversions, including putting limits on foreign firms buying domestic assets. Year-to-date, Allergan plc Ordinary Shares have given back 24%, and options traders have shown a preference for long puts over calls in recent weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), for instance, 1.17 puts have been bought to open for each call in the past 20 sessions.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI