Buzz Stocks: Horizon Pharma PLC, Delta Air Lines, Inc., and Mattress Firm Holding Corp

Today's stocks to watch in the news include Horizon Pharma PLC (NASDAQ:HZNP), Delta Air Lines, Inc. (NYSE:DAL), and Mattress Firm Holding Corp (NASDAQ:MFRM)

Aug 8, 2016 at 10:08 AM

U.S. stocks are up as traders continue to cheer last week's upbeat jobs report. Among equities in focus today are biotech Horizon Pharma PLC (NASDAQ:HZNP), airline stock Delta Air Lines, Inc. (NYSE:DAL), and mattress retailer Mattress Firm Holding Corp (NASDAQ:MFRM).

HZNP is up 8.2% at $21.75, after delivering an earnings beat. HZNP now sits in positive year-to-date territory, and has rallied nearly 67% since its year-to-date low of $13.05 in early May. Horizon Pharma PLC's option players will likely be cheering this latest news, with HZNP's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 13.70 sitting higher than 96% of all other readings from the past year, showing an exceptionally bullish sentiment towards the stock.

DAL was down more than 4% in pre-market trading, after a global computer system outage forced the airline to temporarily delay or cancel flights, leaving thousands of customers stranded. However, DAL has since clawed 0.3% higher to sit at $37.79, after the ground stop was lifted. Delta Air Lines, Inc. has had a rough year so far, down 25.7% since the beginning of 2016, touching an annual low of $32.60 in late June. Currently, nine out of 10 analysts rate DAL a "buy" or better, leaving the door wide open for a slew of downgrades to pressure the stock lower.

MFRM is up 114.1% at $63.67, after announcing it will be purchased by South African furniture retailer Steinhoff International Holdings NV for $64 per share, or $2.4 billion in cash. This sudden boost puts MFRM shares back in the black year-over-year, with MFRM now sitting up 2.7% since August 2015. There's a good number of short sellers likely kicking rocks after this latest announcement, with 45.1% of Mattress Firm Holding Corp's float sold short -- an amount that would take over 40 days of trading to cover, at MFRM's average daily volume.

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