Lumber Liquidators, Eyegate Pharmaceuticals, Trevena News Today

Lumber Liquidators Holdings Inc (LL), Eyegate Pharmaceuticals Inc (EYEG), Trevena Inc (TRVN) are making headlines today

Feb 21, 2017 at 9:50 AM

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U.S. stocks are higher, as traders cheer upbeat retail earnings. Among specific equities in focus are hardwood retailer Lumber Liquidators Holdings Inc (NYSE:LL), as well as biotech stocks Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) and Trevena Inc (NASDAQ:TRVN). Here's a quick look at what's driving LL, EYEG, and TRVN shares.

Lumber Liquidators Pops After Earnings

LL is up 10.3% at $16.94, after the company reported better-than-expected earnings. LL shares recently found a floor at their 320-day moving average, and are set to topple their 50-day trendline for the first time in 2017, up 7.2% year-to-date. Lumber Liquidators Holdings Inc short sellers may find themselves increasingly under water, with shorted shares accounting for 29.7% of LL's float, which would take more than three weeks to cover, at LL's average daily volume.

Valeant Licensing Agreement Bumps Eyegate

EYEG is up 32.8% at $2.23, after the company announced a licensing agreement with Valeant Pharmaceuticals Intl Inc (NYSE:VRX) for its Eyegate II Delivery System, intended to help post-surgical ocular pain. Under terms of the agreement, VRX will pay Eyegate Pharmaceuticals Inc $4 million up front, with $99 million in eligible milestone payments. EYEG is still down 25% year-over-year, but is set to conquer its 200-day moving average for the first time since June. Short sellers may be sweating, with short interest up 23.7% over the last two reporting periods.

Trevena Drops On Drug Data

TRVN is down 31.4% at $4.89, following mixed drug data, with TRVN's opioid painkiller outperforming a placebo during late-stage trials, though only some doses were found to be as effective as morphine. TRVN is down more than 38% since hitting a ceiling near the $8 mark earlier this month, set to close at its lowest point since the presidential election. In the options pits, near-term options players have been unusually call-skewed towards the stock, with Trevena Inc's Schaeffer's put/call open interest ratio (SOIR) of 0.31 sitting lower than 84% of all other readings from the last year.

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