SNAP, BA, NVDQ Stocks On the Move Today

BA stock hit its highest perch to date earlier after the company received an onslaught of new orders

Jun 19, 2017 at 3:18 PM
facebook twitter linkedin

It's a record-setting day on Wall Street, as tech stocks stage a sharp rebound. Among the names making volatile moves are Snapchat parent Snap Inc (NYSE:SNAP), Dow stock Boeing Co (NYSE:BA), and flourescence imaging specialist Novadaq Technologies Inc. (NASDAQ:NVDQ). Here's a quick look at what's moving shares of SNAP, BA, and NDVQ.

Snap Stock Bounces On Time Warner Content Deal

Snap shares skimmed the $17 level in early trading, home to its IPO, before rallying to a nearly 5% lead on news the company has inked a deal with Time Warner to develop original programming for Snapchat. The stock was most recently seen trading up 1.4% at $17.81. SNAP's long-term trajectory remains to the downside -- off 26% from its March 2 open at $24 -- amid increased pressure from short sellers. Since the March 15 reporting period, short interest on Snap stock has more than tripled to a record 65.5 million shares, or 5.6% of its available float.

Boeing Hits New High After Paris Air Show Opening

Boeing stock is fresh off a record high of $199.47 -- last seen trading up 1.3% at $198.92 -- after the aerospace giant launched its newest 737 aircraft iteration and unveiled a slew of new orders at the Paris Air Show. BA shares are now sporting an impressive 27.7% year-to-date advance, best of all Dow stocks. As such, the outperformer seems due for a round of well-deserved upgrades, which could draw more buyers to BA's table, considering six of 14 analysts still maintain a "hold" or worse recommendation.

NVDQ Stock Volume Spikes on Stryker Buyout

Stryker said it will buy Novadaq Technologies in a deal valued at roughly $701 million, or $11.75 per NVDQ share -- nearly double Friday's closing price of $6.05. As such, Novadaq Technologies stock volume has hit a 52-week peak of 23.9 million shares traded, with the security 95.7% higher this afternoon at $11.74. The news is likely catching short sellers off guard, considering a healthy 10% of NVDQ's float is sold short.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1