Blue Apron Tanks to New Lows After Debut Earnings Report

GLPG caught an early boost in the wake of upbeat drug trial results

Aug 10, 2017 at 10:40 AM
facebook twitter linkedin


U.S. stocks have started the day on a low note once again, amid ongoing tensions with North Korea and a lackluster slate of retail earnings. Retailer Kohl's Corporation (NYSE:KSS), meal supplier Blue Apron Holdings Inc (NYSE:APRN), and biotechnology company Galapagos NV (ADR) (NASDAQ:GLPG) are three stocks in the news this morning. Here's a quick look at what's moving shares of KSS, APRN, and GLPG.

KSS Stock Volatile After Earnings

Despite an early pre-market surge following its better-than-expected earnings report, Kohl's has reversed course. At last check, KSS was trading down nearly 8.7% at $38.30. The shares are now down more than 22% year-to-date.

Ahead of the retailer's quarterly report, KSS stock's short-term options were pricing in extremely high volatility expectations. As of last night's close, Kohl's Schaeffer's Volatility Index (SVI) of 74% was docked in the 100th percentile of all other readings from the past year.

Blue Apron Gets Closer to a 50% Post-IPO Haircut

APRN stock is continuing its post-IPO underperformance after a disappointing second-quarter report. The food supplier was last seen trading 14.9% lower at $5.31, and earlier hit a low of $5.03 -- with the shares having shed nearly half their value since Blue Apron's late-June trading debut at $10.

Despite the stock's dismal performance, most analysts following APRN remain in the bullish camp. Specifically, seven analysts out of 12 carry a "buy" or "strong buy" recommendation on the shares.

GLPG Pops on Positive Drug Data

GLPG stock is off to a positive start after reporting upbeat data on its idiopathic pulmonary fibrosis drug, which delivered positive results in a mid-stage study. Shares of the biotech stock have soared 7.7% to $78.77, snapping out of their recent slump.

With a short interest ratio of 3.8 days to cover, it seems likely that GLPG is benefiting from a short squeeze today. However, Galapagos stock has already pared its early gains to pull back below its 80-day moving average -- a former layer of support that recently switched roles to cap the equity's late-July highs. 
 

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! 

 


 


 
Special Offers from Schaeffer's Trading Partners