NVDAcontentAD

New York Times Stock Rises on Microsoft, OpenAI Lawsuit

NYT is up roughly 47% this year

Digital Content Manager
Dec 28, 2023 at 10:08 AM
facebook X logo linkedin


New York Times Inc (NYSE:NYT) stock was last seen up 1.9% at $48.26, after the media giant became one of the first to sue both OpenAI and Microsoft (MSFT), claiming copyright infringement. In a court filing, the Times accused the two companies of using millions of its articles without permission or payment to train substitutive artificial intelligence (AI) technologies, such as ChatGPT.

Shares are bouncing back from a pullback from their Dec. 4, two-year high of $48.80, with support stemming from the 40-day moving average. NYT also today conquered short-term resistance at the $48 level, and currently sports a healthy year-to-date gain of roughly 47%.

Short-term options traders have been more bearish than usual. This is per New York Times stock's Schaeffer's put/call open interest ratio (SOIR) that stands higher than 89% readings from the past year.

Premiums are affordably priced right now, per the equity's Schaeffer's Volatility Index (SVI) of 22% that ranks higher than just 16% of annual readings, indicating the options market is pricing in relatively low volatility expectations. 

 
 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.

 

futupic

 
 
 
 

Follow us on X, Follow us on Twitter