Applied Optoelectronics, Pacira Pharmaceuticals, SeaWorld Upgraded

Applied Optoelectronics, Pacira Pharmaceuticals, and SeaWorld stocks are on analysts' bullish radar today

Apr 13, 2017 at 9:24 AM
facebook twitter linkedin


Analysts are weighing in on fiber optics firm Applied Optoelectronics Inc (NASDAQ:AAOI), drugmaker Pacira Pharmaceuticals Inc (NASDAQ:PCRX), and theme park stock SeaWorld Entertainment Inc (NYSE:SEAS). Here's a quick roundup of today's bullish brokerage notes on shares of AAOI, PCRX, and SEAS.

Applied Optoelectronics Stock Set to Soar

AAOI reported better-than-expected preliminary first-quarter earnings, prompting bullish analyst attention. Cowen raised its price target to $75 from $66 and Craig-Hallum boosted its target to $70 from $53 -- both in record-high territory -- while Roth Capital said the company is doing "just fine in the current environment," despite widespread skepticism. On the charts, Applied Optoelectronics Inc shares are poised to gap 24.2% higher at the open, after closing yesterday at $40.82.

Shareholders are looking forward to some bullish price action, too, considering AAOI stock has finished negative in 10 of the past 12 sessions, since hitting an all-time peak of $60.19 in late March. By contrast, a recent raft of short sellers could be on pins and needles. Over the last two reporting periods, short interest jumped 70.6% on AAOI, and over one-quarter of the stock's float is committed to these bearish bets.

Pacira Pharmaceuticals Receives Another Bullish Note

RBC initiated coverage on PCRX stock with an "outperform" rating and a $58 price target -- a 27.5% premium to yesterday's close at $45.50. This could help the shares break out of their month-long consolidation pattern in the $45-$49 range, where they've been trapped since hitting a near-term peak of $58.95. Today's bullish brokerage note is par for the course when it comes to Pacira Pharmaceuticals Inc. Eight analysts currently rate the stock a "strong buy," compared to just four "holds" and a single "strong sell."

Can Bullish Initiation Save Sinking SeaWorld Stock?

SEAS received a "buy" initiation at SunTrust Robinson, which also handed out a $22 price target -- representing an annual high. SeaWorld Entertainment Inc stock has been a mixed bag over the past 12 months, but most recently has been selling off, down 12.4% month-to-date at $16.01. These developments are just what short sellers have been hoping for. About one-quarter of SEAS' float is dedicated to short interest, which would take two weeks to cover, at the stock's typical daily trading volume.

 

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