Viasat Stock Eyes Best Day Ever After Data Business Sale

Shares are trading at their highest level since April

Digital Content Manager
Oct 3, 2022 at 10:50 AM
facebook X logo linkedin


Viasat Inc (NASDAQ:VSAT) is up a whopping 45.1% at $43.85 at last check, after news that defense contractor L3harris Technologies (LHX) will acquire the company's Link 16 tactical data business for roughly $1.96 billion. The moves comes as Viasat seeks to increase liquidity, with proceeds expected to fund a path to positive free cash flow.

Options traders are already chiming in, albeit amid low absolute volume, with overall options volume running at 10 times the intraday average. Most popular is the October 40 put, followed by the 60 call in the same series, with positions currently being opened at both.

The shares earlier today blasted through overhead pressure at the 40-day moving average, and are now eyeing their best single-day percentage on record. Viasat stock is also trading at its highest level since late April, while chipping away at its 13.6% year-to-date deficit. 

Short interest is up 6.2% in the last two reporting periods, with the 5.38 million shares sold short making up 7.5% of the security's available float, or nearly three weeks' worth of pent-up buying power. This means the equity looks ripe for a short squeeze, which could push VSAT even higher.

 

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