Hasbro, Advanced Micro Devices, Galena Biopharma News Today

Hasbro, Inc. (HAS), Advanced Micro Devices, Inc. (AMD), and Galena Biopharma Inc (GALE) are making headlines today

Feb 6, 2017 at 9:53 AM
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U.S. stocks are lower, paring their gains after Friday's rally. Among specific equities in the news are toymaker Hasbro, Inc. (NASDAQ:HAS), chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and biotech Galena Biopharma Inc (NASDAQ:GALE). Here's a quick look at what's driving HAS, AMD, and GALE shares.

Hasbro Delivered Earnings Beat On Disney Dolls

HAS is up 14.8% at $94.91 -- and just touched an all-time high of $96.34 -- after the company reported better-than-expected earnings, thanks to rising sales of Disney princess dolls and board games. Hasbro, Inc. shares are now up nearly 30% year-over-year, and 22% year-to-date. Option bears may be kicking rocks today, with HAS' 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) showing 1.49 puts bought to open for every call over the last two weeks, a reading that sits in the 77th percentile of its annual range.

Barrons: Advanced Micro Devices Could Double In A Year

AMD is up 3.5% at $12.66 -- and off a nine-year high of $12.75 -- after Barron's (subscription required) said the shares could double in a year, if AMD manages to take advantage of "an opportunity that lies well beyond being a second banana" to sector peers Intel Corporation (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA). AMD is already up more than 500% year-over-year, recently led higher by its 50-day moving average. There's still room to run for AMD, especially with 50% of the brokerage firms weighing in rating Advanced Micro Devices, Inc. shares a tepid "hold."

Galena Pops On Drug Data

GALE is up 86.7% at $2.24, after an independent group of experts found that Galena Biopharma Inc's breast cancer therapy free of safety and futility concerns. Despite this finding, FBR cut its rating to "market perform" from "outperform," and more than halved its price target, to $4 from $11. Today's jump puts the stock on pace to close above its 50-day moving average for the first time since June, when GALE shares plummeted 82% in a single day. In the option pits, near-term traders have rarely been more put-skewed, with GALE's Schaeffer's put/call open interest ratio (SOIR) of 0.39 sitting at an annual peak.

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