Tableau Software, Tuesday Morning, Avis Budget Group Stocks Moving Today

Three stocks making big moves on the charts today are Tableau Software, Tuesday Morning, and Avis Budget Group

May 4, 2017 at 2:07 PM
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The Dow is struggling for upside, as the House gets set to vote on Reupblicans' latest Obamacare repeal effort. Among specific stocks on the move are software specialist Tableau Software Inc (NYSE:DATA), retailer Tuesday Morning stock, and car rental name Avis Budget Group Inc. (NASDAQ:CAR). Here's a quick look at what's moving shares of DATA, TUES, and CAR.

Earnings Lift Tableau Software Stock

DATA stock is up 7% at $58.53, after the company's better-than-expected quarterly results. The shares have now added 39% year-to-date, and analysts are betting on more upside. No fewer than six analysts have raised their price targets, with the highest price of $65 coming from Wunderlich. A continued rise could sway more brokerage firms to the bulls' side of the fence. For instance, 20 of 28 analysts covering Tableau Software Inc rate it a "hold" or "strong sell." 

Tuesday Morning Stock Gets Rocked After Earnings

TUES stock is the top percentage loser on the Nasdaq today and has found a spot on the short-sale restricted list-- falling 34.1% to $2.08 after earlier hitting an eight-year low of $1.80 -- due to the company's disappointing fiscal third-quarter earnings report. Tuesday Morning stock has been getting hammered for the past two years, and short sellers are making a killing on its demise. Roughly 16% of the stock's float is sold short, and it would take these bears around one month to cover their positions, based on the average pace of trading. 

Avis Budget Group Stung by "Underwhelming" Results

CAR shares are also moving lower today, down 3% at $29.91, following a first-quarter earnings report an analyst at Credit Suisse described as "all around underwhelming." Additionally, Avis Budget Group Inc.said it has reached an agreement with SRS Investment Management to stall the hedge fund from pushing its agenda. CAR stock is now down almost 19% year-to-date, which likely explains why options traders have been so focused on puts. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 10-day put/call volume ratio of 17.49 for CAR stock, which ranks in the 90th annual percentile. 

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