Alere, Mylan, Weight Watchers Stocks Moving Today

Alere Inc (ALR), Mylan N.V. (MYL), and Weight Watchers International, Inc. (WTW) are three stocks making notable moves on the charts today

Mar 1, 2017 at 9:22 AM
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U.S. stocks are signaling a huge rally, following President Donald Trump's speech last night. Among specific equities in focus are diagnostics specialist Alere Inc (NYSE:ALR), drug stock Mylan N.V. (NASDAQ:MYL), and Oprah favorite Weight Watchers International, Inc. (NYSE:WTW). Here's a quick look at what's moving shares of ALR, MYL, and WTW.

Alere Stock Sinks on Filing Delay

ALR is down 4.7% pre-market, after the company said it will miss its 10-K filing deadline, due to a review of revenue recognition practices, as well as "inappropriate conduct" at its South Korea business. It's been a rough year for shares of Alere Inc, which have dropped 28% over the past 12 months to trade at $38.30. Meanwhile, the stock's short-term options pits are decidedly put-skewed. Specifically, ALR sports a top-heavy Schaeffer's put/call open interest ratio (SOIR) of 3.61, which ranks in the 74th percentile of its annual range.

Mylan Shares Sizzle After Earnings

MYL's strong earnings report is driving the stock in electronic trading. At last check, the shares were up 6.6%, after settling Tuesday at $41.85. As a result, Mylan N.V. will likely break out of recent congestion in the $42-$43 neighborhood, and build on its nearly 10% year-to-date gain. Options traders have taken a glass-half-full approach of late. In the last two weeks, MYL has racked up a call/put volume ratio of 2.71 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- ranking in the top quartile of its annual range.

Weight Watchers Wallops Shorts With Earnings Beat

WTW is set to gap 16% higher at the open -- into annual-high territory -- after the company posted better-than-expected earnings, 10% subscriber growth, and upbeat guidance. This would represent the third straight huge gain for the shares, which have already added 18.8% week-to-date to hover at $14.39. This morning's anticipated Weight Watchers International, Inc. rally should lift the spirits of options traders, who have been buying calls over puts in recent weeks. On the other hand, short sellers may be kicking rocks. WTW's short-interest ratio (SIR) is a brow-raising 9.49, meaning it would take approximately two weeks for these bears to buy back their bets, at the stock's typical trading volumes.

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