Buzz Stocks: Under Armour Inc, SAExploration Holdings, Inc., and Dipexium Pharmaceuticals Inc

Today's stocks to watch in the news include Under Armour Inc (NYSE:UA), SAExploration Holdings, Inc. (NASDAQ:SAEX), and Dipexium Pharmaceuticals Inc (NASDAQ:DPRX)

Oct 25, 2016 at 9:58 AM

U.S. stocks are cautiously higher as traders react to a slew of blue-chip earnings. Among equities in focus today are athletic apparel retailer Under Armour Inc (NYSE:UA), oil-and-gas stock SAExploration Holdings, Inc. (NASDAQ:SAEX), and biotech Dipexium Pharmaceuticals Inc (NASDAQ:DPRX). Here's a quick look at what's driving UA, SAEX, and DPRX.

UA is trading down 13.9% at $32.64 -- and earlier hit a two-year low of $32.25 -- after issuing lackluster full-year revenue growth guidance, which overshadowed an earnings beat. Within the first 30 minutes of trading, Under Armour Inc (NYSE:UA) has seen about 18.2 million shares traded -- nearly eclipsing its current annual high of 19.5 million shares traded in a single day. The athletic apparel maker was hit with a downgrade to "market perform" from "outperform" at William Blair, and additional downgrades could be in store, with 18 of 28 analysts rating the shares a "strong buy," and only one "sell" or worse rating on the record.
SAEX is up 53.9% at $11.51, after announcing it received $24.4 million in tax credits from Alaska's Department of Revenue, and could receive up to $60.5 million in additional tax credits over the next year. To say SAExploration Holdings, Inc. (NASDAQ:SAEX) has struggled lately would be putting it lightly; the stock is down over 95% since the beginning of 2016. While SAEX's short interest is up 248.3% over the last two reporting periods, only a mere 6.3% of SAEX's float is currently sold short, which would take not even a day to cover, at the stock's average daily rate, hinting at little sideline cash available to fuel an extended rally.

DPRX is plummeting this morning, down 83.9% at $2.05, after its Locilex cream, intended to treat diabetic foot ulcers, failed to meet its goal in a late-stage trial. DPRX is now down 83% in 2016, and earlier touched a new all-time low of $1.90. There are likely plenty of bears celebrating today's sharp plunge, with Dipexium Pharmaceuticals Inc's (NASDAQ:DPRX) short interest up 35.1% over the last two reporting periods.

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View.

Follow @Schaeffers

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!