Panera, Amazon, Walgreens News Today

Panera, Amazon, and Walgreens stocks are in the news today

Apr 5, 2017 at 10:33 AM
facebook twitter linkedin


The Dow is rallying this morning, following an impressive ADP employment report. Among specific equities in focus are restaurant chain Panera, e-commerce giant Amazon, and pharmacy issue Walgreens Boots Alliance Inc (NASDAQ:WBA). Here's a quick roundup of what's moving shares of PNRA, AMZN, and WBA today.

PNRA Stock Soars on JAB Buyout

PNRA stock is up 13.7% at $311.62, on news the company agreed to be bought by JAB in an all-cash deal valued at $7.5 billion, or $315 per share. Earlier, in fact, Panera stock hit an all-time high of $312.98. The shares have now added almost 68% since their November low, living up to analysts' bullish outlooks. Heading into today, 13 of 20 brokerage firms recommended buying PNRA stock, versus seven "hold" ratings and zero "sells."  Brokerages are reacting to the M&A deal today, with Piper Jaffray lowering its assessment to "neutral" from "overweight," and Maxim raising its price target on PNRA to $315 from $260.

AMZN Stock Gains on Plug Power, NFL Deals

AMZN stock is up 0.3% today at $909.59, and hit a record high of $920, thanks to reports the company has struck a deal allowing it to take a 23% stake in Plug Power Inc (NASDAQ:PLUG). What's more, the company won the rights to stream 10 Thursday night NFL games on Amazon Prime. Today's price action brings Amazon's year-over-year gain to 51%, yet options traders have been more put-focused than normal. AMZN shares have a 50-day put/call volume ratio of 1.04 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), an annual high. 

Weak Sales Sink Walgreens Stock

An unexpected drop in fiscal second-quarter sales is weighing on WBA stock this morning, with the shares down 1.4% at $81.37. The stock is slightly in the red on a year-to-date basis, but analysts are still very bullish. By the numbers, 12 brokerage firms have "buy" or "strong buy" ratings on Walgreens Boots Alliance Inc, compared to three "holds" and no "sells." Plus, WBA shares have an average 12-month price target of $94.12 -- territory not explored since October 2015.
 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners