Buzz Stocks: Demandware Inc, Michael Kors Holdings Ltd, and Advanced Micro Devices, Inc.

U.S. stocks are lower as traders eye crude oil and data out of China. Among equities in focus today are technology stock Demandware Inc (NYSE:DWRE), apparel retailer Michael Kors Holdings Ltd (NYSE:KORS), and semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD). 

• DWRE is up 56% at $74.88 – territory not charted since July 2015 -- after salesforce.com, inc. (NYSE:CRM) announced that it would be acquiring the commerce software provider in a deal worth $2.8 billion, or $75 pare Demandware Inc share. There are quite a few short sellers kicking rocks after the announcement, as 15.9% of DWRE's float is sold short, an amount that would take over 12 days of trading, at DWRE's normal daily volume, to cover. Even before today's news, analysts were keen on the stock, with 10 of 13 rating DWRE a "buy" or better, and without a single "sell" in sight.

• KORS is trading at $44.88, up 5.1%, after the retailer announced better-than-expected first-quarter results, with the strongest quarterly sales growth the company has seen in a year. KORS also announced it would buy back up to $1 billion in its own stock. Michael Kors Holdings Ltd near-term options traders have been bullish towards the stock, with KORS' 50-day call/put volume ratio of 2.3 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) sitting in the 73rd percentile of its annual range. Meanwhile, some upbeat analyst attention could propel KORS even higher. At the moment, two-thirds of covering analysts maintain tepid "hold" ratings.

• AMD is down 3% at $4.43, after CEO Lisa Su said she expects the company to return to profitability in the second half of this year. Despite today's dip, the stock is up over 54% since the beginning of the year, and just yesterday touched an annual high of $4.71. As such, Advanced Micro Devices, Inc. sports a 14-day Relative Strength Index (RSI) of 77 -- in "overbought" territory, suggesting a breather may have been in the cards. Now is an opportune time to play AMD's short-term options, as the stock's Schaeffer's Volatility Index (SVI) of 56% is in the 11th percentile of its annual range -- indicating historically low volatility expectations at the moment.