Ford, Medpace, Coach Stocks Moving Today

Three stocks making big moves on the charts today are Ford, Medpace, and Coach

May 2, 2017 at 12:49 PM
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U.S. stocks are trading in a tight range, as traders prepare for today's Fed meeting and big-cap tech earnings. Among specific stocks on the move are automaker Ford Motor Company (NYSE:F), drug development services provider Medpace Holdings Inc (NASDAQ:MEDP), and high-end retailer Coach stock. Here's a quick look at what's moving shares of F stock, MEDP stock, and COH stock.

Ford Stock Sinks as April Sales Disappoint

F stock earlier hit an annual low of $10.90, and was last seen down 4.2% at $10.95, amid very trading heavy volume. In fact, Ford stock is the most active by volume on the New York Stock Exchange (NYSE), at last check, after the company reported lower-than-expected April auto sales. The shares have been stuck in a downtrending channel of lower highs since peaking north of $18 in mid-2014, and short sellers are starting to take note. Specifically, short interest on Ford Motor Company jumped by almost 47% over the past two reporting periods. 

Medpace Earnings Fall Short of Expectations

MEDP stock is the biggest percentage loser on the Nasdaq today, down 28.4% at $23.20, after the company's first-quarter earnings miss and weak full-year forecast. Credit Suisse and KeyBanc Capital cut their respective price targets to $35 and $30 as a result. Medpace Holdings Inc stock earlier hit an all-time low of $22.60 and is short-sale restricted, and the shares are now vulnerable to downgrades from analysts. That is, four of six covering brokerage firms rate MEDP stock a "strong buy," with zero "sell" ratings to be found. 

COH Stock Rallies Thanks to Strong Earnings

COH stock is the best of the S&P 500 Index (SPX) today, picking up 10.3% to trade at $42.72, after the company topped fiscal third-quarter earnings expectations. The shares are now on pace for their highest close since early August, bringing their year-to-date advance to 22%. Ahead of earnings, options traders were growing increasingly bullish on Coach stock. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 10-day call/put volume ratio of 3.68 for COH, which tops 82% of all readings from the past year. 

 

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