Sodastream, Fortress Investment, Groupon News Today

Sodastream International Ltd (SODA), Fortress Investment Group LLC (FIG), and Groupon Inc (GRPN) are making headlines today

Feb 15, 2017 at 9:51 AM
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U.S. stocks are trading higher, ahead of another day of testimony by Fed Chair Janet Yellen. Among specific equities in focus today are carbonated beverage stock Sodastream International Ltd (NASDAQ:SODA), investment firm Fortress Investment Group LLC (NYSE:FIG), and daily deals e-tailer Groupon Inc (NASDAQ:GRPN). Here's a quick look at what's driving SODA, FIG, and GRPN shares.

Sodastream Hot After Earnings Boost

SODA is up 5.6% at $49.98 -- and just off a three-year high of $50.30 -- after the company delivered an earnings win, beating profit and sales expectations, thanks to strong starter kit sales. SODA is up more than 270% year-over-year, and has been on a steady trek higher since its last earnings report in November. Despite this technical strength, options traders have been more bearish than usual towards the shares, with Sodastream International Ltd's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 0.60 sitting just 4 percentage points from an annual peak.

Fortress Investment Higher After Softbank M&A

FIG is up 29.4% at $8.04, after agreeing to a buyout of $3.3 billion, or about $8.08 per share, by Japan's SoftBank Group Corp. Today's jump marks a new annual high for FIG, which is now trading up 91.9% year-over-year. A handful of near-term options players are likely celebrating the buyout news. Fortress Investment Group LLC's Schaeffer's put/call open interest ratio (SOIR) of 0.13 sits in just the 16th percentile of its annual range, indicating short-term traders are more call-skewed than usual.

Groupon Jumps on Alibaba News, Earnings

GRPN is trading 16.4% higher at $4.40, after the company reported earnings this morning, with sales coming in above expectations. In addition, traders are cheering after Chinese e-tail giant Alibaba Group Holding Ltd (NYSE:BABA) disclosed a 5.7% passive stake in Groupon Inc. This puts the shares above their 200-day moving average for the first time since October, though GRPN still remains more than 25% off its annual peak in August. A number of short sellers may be kicking rocks today, as short interest represents nearly seven days' worth of pent-up buying demand, at GRPN's average daily trading volume.

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