Schaeffer's 43rd Anniversary Stock Picks in 2024

TIVO, CYAD, ATW Stocks Moving Today

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

May 30, 2017 at 2:00 PM
facebook X logo linkedin


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).

 

A.I.’s Dirty Little Secret: The Real Power Behind The AI. Boom ✨

Anyone who’s seen the The Matrix movies knows that A.I. needs power.  Lots and lots of power.

If you’ve seen the movie, you also know the grizzly results of the ensuing battle for that power.

Now, Wall Street’s battle for A.I. power won’t go to such extremes. Hopefully?

A.I. needs more power and that means more opportunities for stock traders in the know.

Download your free copy of “The A.I. Revolution: 4 Stocks to Buy Now”!