Stocks On the Move: Mylan NV, Hertz Global Holdings, Inc., and Global Eagle Entertainment Inc

EpiPen maker Mylan NV (MYL), car rental specialist Hertz Global Holdings, Inc. (HTZ), and airline tech stock Global Eagle Entertainment Inc (ENT) are making big moves in today's trading

Dec 14, 2016 at 3:15 PM
facebook X logo linkedin

U.S. stocks are lower after the Fed announced a highly anticipated rate hike, and provided additional hawkish commentary. Among specific equities in focus today are EpiPen maker Mylan NV (NASDAQ:MYL), car rental specialist Hertz Global Holdings, Inc. (NYSE:HTZ), and airline tech stock Global Eagle Entertainment Inc (NASDAQ:ENT). Here's a look at what's moving MYL, HTZ, and ENT today.

  • MYL is down 2.4% at $37.39, after the Justice Department filed its first charges in a generic-drug price-fixing probe. MYL has given up more than 30% since the beginning of 2016, and has dropped sharply since accusations of price-gouging emerged in August. Option bulls may be sweating today; Mylan NV currently sports a 10-day call/put volume ratio of 4.15 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), indicating more than four calls have been bought to open for every put over the last two weeks. What's more, this reading sits higher than 97% of all others from the past year, pointing to a healthier-than-usual appetite for bullish bets of late. 

  • HTZ is down 7.2% at $23.32, as traders react to a corporate shakeup. Hertz Global Holdings, Inc. CEO John Tague will retire on Jan. 2, and three HTZ board members will step down. Tague will be replaced by Kathryn Marinello, a pick that reportedly has activist investor Carl Icahn's approval. Today's drop puts HTZ down 58.7% so far this year. Short sellers may be cheering today's price action, though. Shorted shares account for 12.4% of the stock's float, which would take over a week of trading to cover, at the stock's average daily volume.  
  • ENT is soaring today, up 11.7% at $7.19, following news that the company inked an extended contract  with Southwest Airlines Co (NYSE:LUV) through 2025. This is a much-needed boost for ENT, which touched a record low of $6.06 earlier this month, but is now on pace to top its 20-day moving average for just the second time since October. Near-term option players have been especially put-skewed lately, with Global Eagle Entertainment Inc's Schaeffer's put/call open interest ratio (SOIR) of 1.27 sitting in the top quartile of its annual range.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI