Stocks are in the red today in a quiet post-holiday session. Two names making notable moves are video game producer Electronic Arts Inc. (NASDAQ:EA) and clinical-stage cancer therapeutics specialist Tyme Technologies Inc (NASDAQ:TYME). Below we'll take a quick look at how the shares of EA and TYME are trading.
More Headwinds Hit EA Stock
EA stock is down 4.5% today at $93.71, setting it up for its worst day in months, seemingly due to concerns surrounding the company's latest update to "Apex Legends" (paywall). This move puts the shares back below the 200-day moving average, as they also were hit with sharp losses on Wednesday. Options activity has picked up in the meantime, with new positions opening at the weekly 7/12 90-strike put and 93-strike call. Today's price action could be bad news for a number of other options traders, since peak open interest of almost 12,000 contracts sits at the July 100 call.
Drug Data Sends TYME Stock Higher
TYME shares, meanwhile, have jumped 22.9% to $1.50, as the penny stock soars thanks to positive data for the company's
pancreatic cancer treatment. The equity came into 2019 trading just below $4, so it still has a long ways to go to make up its year-to-date deficits, but it is on pace to close atop its 50-day moving average for the first time since February. Also, analysts are bullish on Tyme Technologies, with all three in coverage handing out "buy" and "strong buy" recommendations, while the average 12-month price target of $8.50 represents territory not seen in almost two years.