2 of Today's Biggest Stock Moves

Meanwhile, Equifax finds itself in the headlines once again

Mar 14, 2018 at 2:48 PM
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An extended pullback in Boeing shares is again dragging the Dow lower. Among individual names making notable moves are agricultural biotech Arcadia Biosciences Inc (NASDAQ:RKDA), credit services provider Equifax Inc. (NYSE:EFX), and cloud stock Silicom Ltd (NASDAQ:SILC). Here's a quick look at what's driving shares of RKDA, EFX, and SILC.

RKDA Stock Jumps 261%

After being halted earlier, Arcadia Biosciences stock is trading more than 261% higher at $42.23, earlier hitting an annual high of $48, thanks to news the company's wheat program had met key milestones. The shares had been contained mostly between $4 and $7 for months, before an initial surge back on March 9. This move should certainly garner some attention from Wall Street, as there's just one brokerage firm tracking RKDA stock right now, and they rate the shares a "hold."

Former Equifax Employee Charged With Insider Trading

Equifax has found itself back in the news, due to reports a former executive for the company has been charged with insider trading. The complaint alleges Jun Ying sold nearly $1 million worth of stock after learning of the company's massive security breach. At last check, EFX shares were trading flat on the day near $123.73, as they again retreat from the $125 area -- site of the huge September bear gap that occurred when the company's security mishap was revealed.

Despite the negative news cycle, analysts remain mostly upbeat on Equifax stock. That is, eight of the 14 covering brokerage firms have "strong buy" rating in place, with zero "sells" to be found.

Short Sellers Miss Out On Silicom Stock Sell-Off

Shares of Silicom are getting crushed today, trading down 10.6% at $36.35, earlier hitting an annual low of $33.56, on news the company just lost its largest cloud customer. This is just the latest in what's been an incredible sell-off in SILC shares, which were trading near $78 as recently as Jan. 3. Short interest is almost non-existent on the equity, coming in at less than 0.6% of the total float. But anyone wishing to short the stock now will have to wait, since it's landed on the short-sale restricted list.

 

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