TWTR, CLF, and REGN are among the stocks in the news today
U.S. stocks are higher, after weekly jobless claims came in lower than expected. Among specific equities in focus today are social media concern Twitter Inc (NYSE:TWTR), mining stock Cliffs Natural Resources Inc (NYSE:CLF), and biotech Regeneron Pharmaceuticals Inc (NASDAQ:REGN). Here's a quick look at what's driving TWTR, CLF, and REGN shares.
Twitter Falls On Stagnant User Count
TWTR is down 11% at $16.67, after the company reported its slowest revenue growth since going public, and offered a downbeat outlook. The shares are down 33% from their October highs, and recent options traders might be kicking rocks after today's fall. Twitter Inc's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows 3.74 calls bought to open for every put over the last 10 weeks -- a reading that sits just 13 percentage points from an annual peak.
Cliffs Natural Resources Pops On Earnings Win
CLF is up 9% at $10.37, after the mining company announced an earnings win. CLF is up more than 475% year-over-year, and recently flashed a historically bullish signal by crossing atop its 50-day moving average. Near-term option players have been more call-biased than usual on Cliffs Natural Resources Inc, with CLF's Schaeffer's put/call open interest ratio (SOIR) of 0.36 sitting lower than 95% of all other readings from the last year.
Regeneron Moves On Legal Win
REGN is 2.6% higher at $362.69, after a U.S. appeals court stayed an order that would have blocked REGN and Sanofi SA (ADR) (NYSE:SNY) from selling their cholesterol drug, Praluent, while appealing the patent infringement victory of rival Amgen, Inc. (NASDAQ:AMGN). In addition, Regeneron Pharmaceuticals Inc delivered better-than-expected per-share earnings. However, despite today's move higher, the shares are still down 20% from their near-term November peak, and may be running into resistance at their 50-day moving average. Option bulls may be cheering today's pop, with REGN's 50-day call/put volume ratio at the ISE, CBOE, and PHXL of 1.32 sitting in the top quartile of its annual range.
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