Why iRobot Stock is Sinking Ahead of Black Friday

Plus, Copart reported a blowout quarter

Nov 22, 2017 at 3:22 PM
facebook X logo linkedin

U.S. stocks are mixed ahead of the Thanksgiving holiday, though the Nasdaq Composite (IXIC) carved out a new high earlier. Among those making the biggest moves are online vehicle auction services provider Copart, Inc. (NASDAQ:CPRT), bitcoin biochain expert Riot Blockchain Inc (NASDAQ:RIOT), and Roomba maker iRobot Corporation (NASDAQ:IRBT). Here's a quick look at what's moving shares of CPRT, RIOT, and IRBT.

Copart Stock Still Waiting For Bullish Analyst Attention

Copart stock is pacing for its best day in nine years, after the company blew past estimates with its fiscal first-quarter results. CPRT shares were last 11.7% higher at $41.00, earlier touching a record high of $41.13, bringing their one-year rally to 48%. Not one bull note has yet to accompany this upside move, and the equity seems long overdue for some upbeat attention from analysts. As it stands now, just one of the eight covering brokerage firms recommend buying Copart.

Riot Blockchain Stock Surges Again

Wall Street favorite Riot Blockchain is rallying again, as the price of cryptocurrency bitcoin continues to rise. RIOT was last seen 25% higher at $14.06 -- earlier peaking at a two-year high of $14.43. This is the third day in a row the equity has made a big upward move, and, for reference, it was trading below $4 a share as recently as September. This rally has caught the attention of short sellers, with these bets surging 226% in the last reporting period alone.

iRobot Slumps On Negative Roomba Buzz

iRobot stock is down 6.9% at $68.02, amid buzz of discounted prices for its Roomba vacuums ahead of Black Friday. The shares have been carving out a series of lower highs since peaking at $109.78 in July, with the 40-day moving average stifling the two most recent breakout attempts. This decline could be bad news for options traders, who were seemingly betting on a bounce. Specifically, IRBT has a 10-day call/put volume ratio of 7.04 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which is just 2 percentage points from an annual high.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI