Delta Air Lines, Skypeople, Ionis Pharmaceuticals Stocks Moving Today

Three stocks making big moves on the charts today are Delta Air Lines, Inc. (DAL), Skypeople Fruit Juice Inc (SPU), and Ionis Pharmaceuticals Inc (IONS)

Mar 6, 2017 at 2:31 PM
facebook X logo linkedin

Political tensions are weighing on the stock market, as traders digest the latest White House policy announcements. Among specific equities in focus are travel interest Delta Air Lines, Inc. (NYSE:DAL), beverage stock Skypeople Fruit Juice Inc (NASDAQ:SPU), and biotech concern Ionis Pharmaceuticals Inc (NASDAQ:IONS). Here's a quick look at what's moving shares of DAL, SPU, and IONS.

Forecast Cut, Travel Ban See Delta Air Lines Lose Support

Shares of DAL are down 3.3% at $48.46, after the company cut its current-quarter margin forecast, citing a rise in fuel costs. The stock is also taking a hit on news of President Donald Trump's revised travel ban, which was signed earlier today. Delta Air Lines, Inc. has been butting up against resistance below the $52 mark for roughly three months, and is now desperate to find a foothold at the year-over-year breakeven level after giving up support at the 80-day moving average. There could be even more trouble ahead should analysts downwardly revise their opinions. At the moment, nine out of 11 firms following DAL call the stock a "buy" or better, without a single "sell" rating on the books. 

Aigo Integrity Alliance Pact Sends Skypeople Shares Soaring

SPU is soaring 19.4% to $6.01 -- making it one of the top performers on the Nasdaq -- following news the company signed a one-year agreement to join China Aigo O2O Technology Inc.'s Aigo Integrity Alliance. Skypeople Fruit Juice Inc has roughly doubled year-over-year, following a volatile 12 months that included a short-lived spike as high as $20.95 in late July. Still, today's pop is not enough to put the shares above their 40-day moving average, which has been pressuring SPU lower since New Year's. Perhaps more good news for the company would inspire the brokerage bunch to take an interest, as not a single analyst currently covers the stock.

Drug-Study Dropouts Dent Ionis Pharmaceuticals Stock

Positive results in a Phase 3 study of IONS' familial chylomicronemia syndrome (FCS) drug, volanesorsen, are being overshadowed by the fact five participants discontinued their participation in the trial due to a decline in platelet levels. As such, the stock is trading 6.9% lower at $50.95, after coming within pennies of a new annual high on Friday. Today's pullback may come as a relief to options traders, who have been betting heavily against IONS in recent weeks. In fact, the stock's 10-day put/call volume ratio of 3.02 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows puts bought to open at triple the rate of calls. Moreover, this reading ranks just 6 percentage points from an annual high.

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI