AQMS, SKYS, and X are among the stocks making big moves on the charts today
U.S. stocks are cruising to new highs today. Among specific equities in focus are recycling expert Aqua Metals Inc (NASDAQ:AQMS), alternative energy stock Sky Solar Holdings Ltd (ADR) (NASDAQ:SKYS), and steel concern United States Steel Corporation (NYSE:X). Here's a quick look at what's moving shares of AQMS, SKYS, and X.
Aqua Metals Boosted by Johnson Controls Partnership
AQMS is up 42.8% at $16.29 and near the top of the Nasdaq -- earlier touching a record high of $16.40 -- thanks to a new partnership with Johnson Controls Internationa (NYSE:JCI). As part of the deal, Johnson Controls will take a 5% stake in Aqua Metals Inc. The stock is now up 240% over the past 12 months, and it might be time for analysts to take note. At the moment, there's just one brokerage firm covering AQMS.
Shocking Jump in Revenue Sends Sky Solar Soaring
Another top Nasdaq performer, SKYS was last seen up 52.6% at $2.74, thanks to a brow-raising 93% year-over-year jump in revenue for the company's fiscal third quarter. While the shares remain well below their highs above $6 from last April, they're on pace for their first close above the 200-day moving average since the stock began trading publicly in late 2014. It appears number of bears dodged a bullet, too, as short interest on Sky Solar Holdings Ltd dropped by 9.3% during the last two reporting periods.
Sector Tailwinds Lift United States Steel
Strong quarterly results from Cliffs Natural Resources Inc (NYSE:CLF) is providing a lift to mining stocks today, and for X, that's meant a 6.6% surge to trade at $36.82. It's been a huge year for the stock, which was trading in single-digit territory at this point in 2016. Interestingly, it's an excellent time to buy United States Steel Corporation options, according to its Schaeffer's Volatility Index (SVI) of 51%, which represents an annual low. Said simply, low volatility expectations are currently being priced into near-term X options.
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