Macy's, Kohl's, Straight Path Communications News Today

Macy's, Kohl's, and Straight Path Communications stocks are making big moves this morning

May 11, 2017 at 9:52 AM
facebook X logo linkedin

Stocks are off to a slow start this morning, with the Nasdaq on pace to snap its win streak. Among specific stocks on the move are retailers Macy's Inc (NYSE:M) and Kohl's Corporation (NYSE:KSS), as well as telecom concern Straight Path Communications Inc (NYSEMKT:STRP). Here's a quick look at what's moving shares of M, KSS, and STRP. 

M Stock Sinks on Earnings Miss

Macy's stock is down 9.7% at $26.50, after the company whiffed in the earnings booth. The shares are now trading in five-year-low territory, losing 41% since hitting a 52-week high of $45.31 back in November. It appears options traders were betting on a pullback, too, with put buying more active than usual in recent weeks. M stock has a 10-day put/call volume ratio of 1.11 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 85th annual percentile. 

KSS Stock Fights Back Despite Lackluster Sales

Kohl's stock is edging higher, rebounding from a pre-market drop, even though the retailer reported weaker-than-expected revenue and same-store sales for the first quarter. At last check, KSS shares were up 3.2% at $41.62, Kohl's has been bumping up against the $40-$41 area for weeks, and the stock could end atop its 20-week moving average for the first time in 2017. As it stands now, short interest represents roughly 15% of the stock's float, which would take more than one week to cover, based on KSS' average daily volume -- plenty of fuel for a potential short squeeze. 

Verizon Buyout Deal Drops STRP Stock

STRP stock is down 20% at $178.35, after Verizon Communications Inc. (NYSE:VZ) won a bidding war against AT&T Inc. (NYSE:T). Specifically, VZ will buy Straight Path Communications for about $3.1 billion, or $184 a share -- a steep discount to STRP's closing price of $223.79 yesterday. The bidding war resulted in a wild few months for Straight Path stock, which was trading at $33.90 at the end of 2016, meaning it's gained more than 400% year-to-date. 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI