It’s always a bit tricky to determine for sure if a short squeeze is happening, where short-sellers frantically buy back shares as prices rise, pushing shares even higher in the process. There are some possible signs that OLED specialist Universal Display (NASDAQ:OLED) may be enjoying one as we speak, though.
The stock skyrocketed 20% on Friday after the company reported strong fourth-quarter earnings and even went as far as initiating a dividend for the first time ever. Universal Display is kicking off this week with a bang as well, with shares gaining 7% by midday on no particular news. Meanwhile, short interest has been steadily rising over the past year as bears bet against the company. Are some of those bears now bailing?
The short interest rises
The most recent official short interest data from the exchange is for the settlement date of Jan. 31, but the mid-February numbers should be out any day now. Here’s the past few months’ worth of data.
how to invest in gold: Sonic Corp.(SONC)
- [By Peter Graham]
A long term performance chart shows shares of small caps Habit Restaurants and Shake Shack Inc (NYSE: SHAK) below their IPO prices while more established burger stocks Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) and Sonic Corporation (NASDAQ: SONC)have seen their performance drift downward last year or the year before:
- [By Steve Symington]
Following a strong end to last week as the Federal Reserve decided to increase interest rates, the stock market was mostly flat on Monday, with major indexes waffling between positive and negative territory throughout the day. Still, a few stocks left investors reeling today, includingAlphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) DryShips (NASDAQ:DRYS), and Sonic Corporation (NASDAQ:SONC).Let’s take a closer look at what drove these declines.
- [By Peter Graham]
A long term performance chart shows shares of newcomers Shake Shack and California based IPO Habit Restaurants both underperforming or below their IPO close prices whilemore established small capburger stocks Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) and Sonic Corporation (NASDAQ: SONC) were big outperformers up until more recently:
how to invest in gold: Warren Resources Inc.(WRES)
- [By Lisa Levin]
Shares of Warren Resources, Inc. (NASDAQ: WRES) were down 31 percent to $0.0656. Warren Resources filed for Chapter 11 bankruptcy.
Gogo Inc (NASDAQ: GOGO) was down, falling around 15 percent to $9.40 after the company announced it has reached an agreement with American Airlines Group Inc (NASDAQ: AAL) to “continue to provide service on a meaningful portion of the American fleet currently served by Gogo.” Investors heavily sold off the stock as the company’s announcement implies it lost some orders to its main competitor, ViaSat, Inc. (NASDAQ: VSAT).
how to invest in gold: Marsh & McLennan Companies, Inc.(MMC)
- [By Reuters]
Wendy Maeda/The Boston Globe via Getty Images NEW YORK — Walgreen is moving 120,000 employees to a private health insurance exchange from coverage provided directly from carriers, the company will announce Wednesday. The pharmacy chain will join 17 other large employers on the Aon Hewitt Corporate Health Exchange as part of a growing movement to offer employees fixed dollar amounts to purchase their own plans on such exchanges. The end-cost to employees depends on the plan chosen, but they typically get more options than under traditional arrangements. Private exchanges mimic the coverage mandated as part of the Affordable Care Act. Enrollment in the public exchanges starts Oct. 1. “What happens to employer contributions over time? Will they put in as much as they put in the past? These are unanswered questions but potential negatives,” says Paul Fronstin, a senior research associate with the Employee Benefit Research Institute. The benefit to Walgreen and other employers is unknown at this point, as their cost-savings aren’t clear. Of the 180,000 Walgreen (WAG) employees eligible for health care insurance, 120,000 opted for coverage for themselves and 40,000 family members. Another 60,000 employees, many of them working part-time, weren’t eligible for health insurance. Aon Hewitt (AON) says other participants in its program include retailer Sears Holding (SHLD) and Darden Restaurants (DRI). These new additions raise enrollment to 330,000 from 100,000 last year, and Aon Hewitt estimates enrollment will jump to 600,000 next year, a fivefold increase from 2012. By 2017, nearly 20 percent of employees nationwide could get their health insurance through a private exchange, according to Accenture Research (ACN). A recent report by the National Business Group on Health said that 30 percent of large employers are considering moving active employees to exchanges by 2015. Other major providers of private exchanges include Mercer, a division of Marsh & Mc
how to invest in gold: Corcept Therapeutics Incorporated(CORT)
- [By Lee Jackson]
These companies also reported insider selling last week:Corcept Therapeutics Inc. (NASDAQ: CORT), Customers Bancorp Inc. (NYSE: CUBI), Ellie Mae Inc. (NYSE: ELLI), Fiserv Inc. (NASDAQ: FISV) and Ulta Beauty Inc. (NASDAQ: ULTA).
how to invest in gold: Check Point Software Technologies Ltd.(CHKP)
- [By Jayson Derrick]
It is unclear which company or companies will benefit from this executive order. But that isn’t stopping investors from placing their bets as most cybersecurity stocks were trading higher during Friday’s trading session; at the same time, the Dow Jones Industrial Average and S&P 500 index were trading in the red.
Shares of Barracuda Networks Inc (NYSE: CUDA) were trading higher by 2.98 percent at $21.77. Shares of Check Point Software Technologies Ltd. (NASDAQ: CHKP) were trading higher by 1.21 percent at $107.00. Shares of FireEye Inc (NASDAQ: FEYE) were trading higher by 0.70 percent at $14.55. Shares of Palo Alto Networks Inc (NYSE: PANW) were trading higher by 0.62 percent at $115.86.
- [By WWW.THESTREET.COM]
Turning Around Cybersecurity Through Activism
As competition climbs and spending slows, security has attracted activists. (FEYE) (IMPV) (FTNT) (CHKP) Full story
how to invest in gold: On Assignment Inc.(ASGN)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested suggested small cap employment services stockOn Assignment, Inc (NYSE: ASGN) as a short trade thats already turned profitable for us: