CLNT, MRK, VZ Stocks On the Move Today

Cleantech stock is higher amid buyout hopes

Jun 13, 2017 at 2:47 PM
facebook twitter linkedin

The Dow hit a record high today, after a nice recovery from the tech sector slide. Among the names making volatile moves are textile stock Cleantech Solutions International Inc (NASDAQ:CLNT), Dow pharmaceutical stock Merck & Co., Inc., (NYSE:MRK) , and fellow Dow stock Verizon Communications Inc. (NYSE:VZ). Here's a quick look at what's moving shares of CLNT, MRK, and VZ.

Ecrent Venture Powers CLNT Stock

CLNT stock is up 20% today to trade at $4.96, one of the Nasdaq's biggest gainers, after entering into a joint venture with China's Ecrent Capital, fueling Cleantech buyout hopes. This only adds to what has been an excellent year for the textile machinery stock, as CLNT is up 88% year-to-date. Cleantech shares peaked at an annual high of $10.70 in early April, after regaining Nasdaq compliance, but have spent the subsequent sessions bouncing atop their 32-week moving average. Short interest has increased by 15% over the last two reporting periods, and 22% of CLNT stock's total available float is now sold short. 

MRK Shares Drop After Cancer Studies Postponed

MRK stock is down 0.8% today, trading at $63.43, after the company paused enrollment for two cancer drug studies. The shares have found support lately around their 200-day moving average, and remain nearly 8% higher year-to-date. Nevertheless, short sellers have been flooding Merck stock in recent weeks. Specifically, short interest for MRK stock has increased by a whopping 45% in the last two reporting periods.

VZ Stock Down as Yahoo Acquisition Complete

VZ stock is down 1.4% at $46.51, after its acquisition of Yahoo's core assets was finalized. Yahoo's Marissa Mayer stepped down as CEO; AOL's Tim Armstrong will head up the new Yahoo-AOL venture, to be called Oath. It has been a rough go of late for Verizon stock, which hit an 18-month low on May 17, and is down roughly 13% year-to-date. Analysts are lukewarm, too. Of the 23 brokerages covering VZ stock, 17 rate it a "hold."


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report


Special Offers from Schaeffer's Trading Partners