Norway-based search engine Opera hiked its full-year forecast
Schaeffer's Top 2025 pick Opera Ltd (NASDAQ:OPRA) is up 4.4% to trade at $16.21 today, after the Norway-based web browser reported a first-quarter earnings beat and hiked its 2025 fiscal-year forecast.
The shares are heading for a fifth-straight win, tacking on 13.1% along the way. OPRA is still a ways off its Feb. 18, 18-month high of $22.50, but by clearing $16, the stock has 2024 resistance. Year-to-date, the security is still down 14.6%, but year-over-year, sports a 21% gain.
Don't expect much in the way of contrarian potential. All of the analysts covering OPRA maintain "buy" ratings, while a slim 2.2% of the stock's total available float is sold short, despite a 35% increase in short interest in the most recent reporting period.
The equity's usually-quiet options pits have come to life. Calls are trading at triple the average intraday amount, and eight times the number of puts traded. Leading the charge is the July 17.50 call, where selling activity is detected, per Trade-Alert. The May 17.50 call is also popular.