Another Stock Leveled By Amazon

COLL stock has added 165% in the past nine months

by Patrick Martin

Published on Feb 12, 2018 at 3:13 PM

U.S. stocks are higher today, with the Dow last seen up around over 480 points. Among the stocks making notable moves today are online mailing and shipping name Inc. (NASDAQ:STMP), drugmaker Collegium Pharmaceutical Inc (NASDAQ:COLL), and hardwood flooring retailer Lumber Liquidators Holdings Inc (NYSE:LL). Here's a closer look at what's moving shares of STMP, COLL, and LL today.

Amazon Casts Shadow On stock is down 6.3% at $168.15, on track for its worst session since an early November bear gap. The shares are struggling following Friday's reports of an Amazon delivery service, and are on track to close below their 200-day moving average for the first time since May. 

Analysts may be the next to jump ship. All five brokerages covering STMP stock rate it a "strong buy," and the average 12-month price target of $244.83 sits at a 42% premium to current trading levels. 

Jefferies Impressed By Demand For Collegium's Xtampza

Shares of Collegium Pharmaceutical are up 10.7% to trade at $24.09, closing in on their Jan. 23 annual high of $26.77. The burst comes after Jefferies upped its price target to $32 from $27 -- in uncharted territory -- with the brokerage firm citing strong demand for COLL's painkiller Xtampza, and calling reports OxyContin maker Purdue Pharma will halve its sales force and stop promoting opioids to physicians a "signficant positive" for its rival. The pharma stock has now tacked on nearly 165% in the past nine months.

Another round of short covering could provide more tailwinds for the equity. Short interest fell almost 11% in the last reporting period to 3.3 million shares. However, this still represents 15% of COLL's total available float, and would take four days to buy back, at the average pace of trading.

Lumber Liquidators Downgraded at Wedbush

Lumber Liquidators stock is down 8.6% to trade at $24.55 -- one of the worst stocks on the New York Stock Exchange (NYSE) -- after Wedbush downgraded the home improvement concern to "neutral" from "outperform," citing lackluster comparable traffic growth. LL stock is now down 21% in 2018, and on track for its lowest close since last July. 

Options traders, nevertheless, have been initiated long calls relative to puts at a quicker-than-usual clip in recent weeks -- albeit amid relatively low absolute volume. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 10-day call/put volume ratio of 5.33 ranks in the elevated 72nd annual percentile.

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