Shares of Celladon (CLDN) closed Friday's session at $13.68 but are trading at $3.28, down $10.40, or 76%, in pre-market action this morning. The company's heart failure drug failed at meeting crucial data to further trials. One brokerage firm slashed their price target from $29 to $3 on the news.
Starbucks (SBUX) shares closed Thursday's session at $49.43, up $1.10, and are surging another 4% to $51.55 in extended trading. The company reported earnings of $0.33 a share that matched estimates but the surprise was in revenue of $4.6 billion that topped expectations for $4.5 billion.
The May 50 calls (SBUX150515C00050000) closed at 95 cents, up 45 cents, and attracted heavy call buying today. There were over 6,000 contracts that traded and open interest is over 11,000 contracts. These calls doubled on today's move higher and could double again on Friday.
Shares of McDonald’s (MCD) are within spitting distance of $100 and are up $4.20 to $99.07 following this morning earnings release. We recommended going long the May 95 calls (MCD150515C00095000) ahead of the news and it’s been a big payday for our subscribers.
Shares of Chipotle Mexican Grill (CMG) closed at $692.52, up $5.59 on Tuesday but were down $37 to $655 in extended trading. The company beat estimates by $0.22 per share, $3.88 versus $3.66, but missed on revenue forecasts after posting $1.09 billion versus estimates for $1.11 billion.
Broadcom (BRCM) reported earnings after Tuesday’s close of $0.64 per share on first-quarter revenue of $2.06 billion. Wall Street was expecting $0.60 share/ $2.01 billion. Shares closed at $11.90, up $0.06, or 0.5% and were flat in extended trading. The May 12 calls (BRCM150515C00012000) closed at $0.30, up $0.05, and can be used to play […]
International Business Machines (IBM) shares made a run at $170 shortly after the closing bell following a 9-cent earnings beat. The stock closed at $166.16, up $5.49, or 3.42%, to finish Monday’s session but the after-hours gains have faded with shares at $165.76, down $0.40. The company reported a profit of $2.91 a share on […]