Seagate Technology, iRobot, Edwards Lifesciences Stocks Moving Today

Three stocks making big moves on the charts today are Seagate Technology, iRobot, and Edwards Lifesciences

Apr 26, 2017 at 2:20 PM
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U.S. stocks are posting solid gains for a third straight day amid the latest tax reform buzz. Among specific stocks on the move this afternoon are data storage stock Seagate Technology PLC (NASDAQ:STX), Roomba maker iRobot Corporation (NASDAQ:IRBT), and heart valve specialist Edwards Lifesciences Corp (NYSE:EW). Here's a quick look at what's moving shares of STX, IRBT, and EW.

Seagate Sales Miss Sends Shares Sliding

STX stock is down 16% today at $42.42, earning a spot on the short-sale restricted list, after the company's fiscal third-quarter revenue missed estimates and its current-quarter guidance also disappointed Wall Street. The shares are now on pace for their lowest close since before a late-January bull gap. Seagate Technology PLC options traders, though, seemed to be bracing for a pullback. STX has a 10-day put/call volume ratio of 1.06 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 90th annual percentile. 

iRobot Crushes Earnings Expectations

IRBT stock is soaring up the charts, adding 15.2% to trade at $79.65, and earlier touching a record high of $82.44, after the company posted impressive first-quarter results. Not only did iRobot Corporation up its full-year outlook, but its earnings per share for the first quarter doubled analysts' expectations. This brings the shares' 12-month gain to 110%, and more upside is possible should analysts' raise their price targets. As it stands now, IRBT has a consensus one-year price target of just $60.80, well below the current perch. 

Earnings Beat Boosts Edwards Lifesciences Stock

EW shares are also making a big move today, up 9.4% at $108.24, thanks to impressive first-quarter earnings results. While the company also lifted its full-year earnings forecast, analysts at Leerink believe "management is likely being conservative, leaving ample room for potential beats." Leerink was one of a handful of brokerages that raised their price targets on the stock, lifting the bar to $110 from $105 -- with the highest mark of $122.50 coming from Evercore ISI. This is just above Edwards Lifesciences Corp's all-time high of $121.75 from October. Most analysts heading into today were quite bullish, too, with 75% saying EW stock is a "buy" or "strong buy."


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