Buzz Stocks: BlackBerry Ltd, Qunar Cayman Islands Ltd, and Royal Bank of Scotland Group PLC

Today's stocks to watch in the news include BlackBerry Ltd (BBRY), Qunar Cayman Islands Ltd (QUNR), and Royal Bank of Scotland Group PLC (RBS)

Jun 23, 2016 at 10:10 AM
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U.S. stocks are significantly higher, with "Brexit" polls giving the "remain" camp an early lead. Among equities in focus today are mobile communications company BlackBerry Ltd (NASDAQ:BBRY), Chinese travel company Qunar Cayman Islands Ltd (NASDAQ:QUNR), and banking stock Royal Bank of Scotland Group PLC (NYSE:RBS).
 
  • QUNR is up 6.7% at $28.18, after the online travel company received an offer to go private from Ocean Management Ltd., valued at $30.39 per American depositary share. The stock touched an annual low yesterday, down over 50% since notching a 12-month high north of $55 at the end of December. Prior to today, QUNR had underperformed the greater S&P 500 Index (SPX) by 36 percentage points over the last 40 sessions, yet option players remained especially bullish towards Qunar Cayman Islands Ltd, with the stock's 50-day ISE/CBOE/PHLX call/put volume ratio of 4.65 in the 99th percentile of its 12-month range.
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