Microsoft, Symantec, Sorl Auto Parts Stocks Moving Today

The Windows cyber attack is weighing on Microsoft stock today

May 15, 2017 at 2:21 PM
facebook twitter linkedin

The Dow is flirting with triple-digit territory today, with the S&P and Nasdaq touching fresh record highs. Among specific stocks on the move are Windows parent Microsoft Corporation (NASDAQ:MSFT), cybersecurity stock Symantec Corporation (NASDAQ:SYMC), and brake system manufacturer Sorl Auto Parts, Inc. (NASDAQ:SORL). Here's a quick look at what's moving shares of MSFT, SYMC, and SORL.

Microsoft Stock Dips After "WannaCry" Attack

MSFT is taking a hit today, amid backlash from the "WannaCry" cyber attack that's affecting its Windows operating system for hundreds of thousands of users -- an event Microsoft in a statement described as a "wake-up call" for governments. The shares were last seen 0.8% lower at $67.86, putting them below their 20-day moving average for the first time since April 20. At the same time, MSFT stock is up almost 33% over the past 12 months, and options traders are extremely bullish. The shares have a 10-day call/put volume ratio of 3.62 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 94th annual percentile. 

Symantec Stock Stays Hot Thanks to Windows Hack

Conversely, the cyber attack is acting as a boon for cybersecurity stocks, and SYMC is one winner, up 3.4% at $32.06. This is nothing new, though, as the shares have gained roughly 90% over the past 12 months, hitting a record high of $33.22 on May 10. As such, Symantec stock seems overdue for bullish brokerage attention, since the majority of those covering it rate it a "hold" or "sell." If upgrades come through, SYMC shares could rally to fresh highs. 

SORL Stock Soars to New High After Earnings

Strong earnings and an upwardly revised full-year guidance have SORL stock near the top of the Nasdaq today, last seen almost 32% higher at $5.99, and earlier touching a six-year high of $6.20. The shares have had a huge run up the charts, trading at just $1.68 at this point last year. It'll be interesting to see if analysts finally take note of Sorl Auto Parts stock, since only one brokerage firm has issued coverage. 


Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners