@4headtrade's post on eToro.com
www.etoro.com
🔔Mid Day Trading Update🔔
📅Wednesday 22/6/2022📅
🔴Bearish Activity🔴
$MO
Shares are under pressure this morning after the Wall Street Journal (WSJ) reported that the U.S. Food & Drug Administration is preparing to order Juul Labs Inc. to take its e-cigarettes off the U.S. market. The WSJ added that the announcement from the FDA could come as early as Wednesday. Shares are trading at a 52-week low this morning. The June 24th 41.00 put being the highest volume contract.
The company's average implied volatility is also at a 52-week high around 35%.
$NKE
Also to the downside after Seaport Global downgraded the athletic sportswear company to Neutral from Buy, stating that the stock’s relative multiple is not justified. Both Citigroup and Bank of America cut their price target on the stock, Citi went to $123.00 from $157.00 and Bank of America went to $122.00 from $125.00. The bearish analyst moves come ahead of the company’s Q4 earnings report, which is scheduled to be released on M
