Q2 STOCKS TO BUY

Weight Watchers, Sportsman's Warehouse, Calithera Biosciences Stocks Moving Today

Calithera Biosciences is expanding its collaboration with Bristol-Myers

May 19, 2017 at 2:39 PM
facebook X logo linkedin


U.S. stocks are set to end the day higher. Among the names making big moves are dieting specialist Weight Watchers International, Inc. (NYSE:WTW), sporting goods retailer Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH), and biotech Calithera Biosciences Inc (NASDAQ:CALA). Here's a quick look at what's moving shares of WTW, SPWH, and CALA.

WTW Stock Surges to Another High

Weight Watchers stock has been famous for making big moves, and it's happening again today, with the shares gaining 9.4% at $25.87, earlier hitting an annual high of $26.31. There doesn't appear to be any specific news driving today's move, but WTW stock has been on fire this year, now sporting a year-to-date gain of 128%. Yet, short interest remains very elevated, and options traders continue to buy puts over calls. Specifically, WTW has a 10-day put/call volume ratio of 2.89 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 89th annual percentile. Today, in fact, WTW put volume is on pace for the 99th percentile of its annual range.

SPWH Stock Makes a Big Post-Earnings Move

SPWH stock is one of the top gainers on the Nasdaq, last seen 16.5% higher at $5.51 -- on pace for its best single-day percentage gain in a year and a half -- thanks to better-than-expected first-quarter results. Unfortunately, Sportsman's Warehouse's 100-day moving average has halted the stock's upward momentum, just as it did back in December, and the shares remain well below their year-to-date breakeven mark of $9.39. Short sellers are certainly hoping today is an anomaly, since it'd take them roughly two weeks to cover their positions, based on average trading volumes. 

CALA Stock Touches Two-Year High

CALA stock is up 14.2% today at $15.65, earlier hitting a two-year high of $15.85, though it's uncertain what's driving the shares higher. It's been an incredible run for Calithera Biosciences shareholders, considering Calithera stock was trading at just $3.25 at the end of 2016. CALA has likely enjoyed a short squeeze in recent weeks, as short interest dropped by more than 50% during the most recent reporting period.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter