Stocks On the Move: Sothebys, Trivago, and Omnicom Group Inc.

Auction house Sothebys (BID), Wall Street freshman Trivago (TRVG), and marketing stock Omnicom Group Inc. (OMC) are among the stocks making big moves in today's trading

Dec 16, 2016 at 3:18 PM
facebook X logo linkedin


U.S. stocks are mixed, following today's disappointing housing data. Among specific equities in focus today are auction house Sothebys (NYSE:BID), Wall Street freshman Trivago (NASDAQ:TRVG), and marketing stock Omnicom Group Inc. (NYSE:OMC). Here's a quick look at what's moving BID, TRVG, and OMC. 

  • BID is trading 8.8% higher at $41.77 -- and just off an annual high of $42.66 -- after receiving some positive analyst attention from Cowen and Company, which upgraded BID to "outperform" from "market perform," and hiked its price target to $45 from $38. BID is up 61% so far this year, and currently sits above the $41 mark that acted as a ceiling to the shares in August. A number of Sothebys short sellers may be sweating, with short interest up 6.8% over the last reporting period, and shorted shares now accounting for 21.7% of BID's float, which would take almost four weeks of trading to cover, at BID's average daily volume.

  • Hotel search platform and Expedia Inc (NASDAQ:EXPE) spinoff TRVG is having a promising Wall Street debut, with shares trading at $11.88, after opening on Thursday at $11.20 per share -- above its initial public offering (IPO) price of $11 per share. Trivago also lowered the number of its American depositary receipts to 26.1 million -- down from the previously planned 28.5 million -- to raise $188 million. Earlier the shares touched $12.43 before retreating back below the $12 level.
  • OMC is down 2.4% at $85.87, after this morning's announcement that two of the company's units received subpoenas from the U.S. Department of Justice Antitrust Division, which is examining video production practices in the ad industry. Omnicom Group Inc. said it planned to fully cooperate with the investigation. OMC is up more than 13% so far in 2016, and touched a record high $89.66 earlier this week. Some put players are likely cheering today's pullback, with OMC's 10-day put/calll volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 3.96 sitting in the top 84% 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI