TIVO, CYAD, ATW Stocks Moving Today

Three stocks making big moves today are TIVO, CYAD, and ATW

May 30, 2017 at 2:00 PM
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The Dow is lower this afternoon, amid weakness in bank stocks. Among the stocks making big moves are media concern TiVo Corp (NASDAQ:TIVO), drugmaker Celyad SA (ADR) (NASDAQ:CYAD), and offshore driller Atwood Oceanics, Inc. (NYSE:ATW). Here's a quick look at what's moving shares of TIVO, CYAD, and ATW.

Patent Ruling Boosts TIVO Stock

TiVo stock is rallying today, last seen 12.2% higher at $18.40, thanks to a favorable patent ruling against Comcast. The shares are now on track to close north of their 50-day moving average for the first time since May 3. Analysts are very bullish on TIVO shares, too, with all four covering brokerage firms issuing a "strong buy" rating. Plus, the stock has an average 12-month price target of $30 -- territory not seen since April 2012. 

CYAD Stock Stays Hot on Patent News

Celyad received another U.S. patent for its allogeneic cancer treatment, news that has the shares up 9.7% at $43.84. CYAD stock has more than doubled year-to-date, successfully filling a bear gap from last June. There's been a surge in short interest of late, so these gains aren't good news for all traders. In fact, short interest on Celyad stock jumped 152% in the most recent two-week reporting period -- though short interest on the equity remains negligible overall. 

M&A News Puts ATW Stock Near the Top of the NYSE

Exactly one week after Goldman Sachs called Atwood Oceanics an "attractive M&A target," ENSCO has announced it plans to buy the company in an all-stock deal valued at $839 million -- or $10.72 per ATW share. As such, ATW stock is up 24.5% at $10.06, making it one of the top gainers on the New York Stock Exchange (NYSE).




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