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🔔Mid Day Trading Update🔔
📅Monday 19/12/2022📅
🟢Bullish Activity🟢
$MRNA
Trading higher this morning after Jefferies upgraded the biotechnology company to Buy from Hold and increased their price target on the stock to $275.00 from $170.00, citing optimism around the company’s experimental cancer vaccine. The December 23rd 210.00 call being the highest volume contract.
New 52-week highs: ( $ACGL + $0.53 to $61.56), ( $CPB + $0.43 to $57.49), ( $SJM + $1.24 to $156.57)
🟢Notable Calls🟢
$INFY
Some unusual activity seen which is primarily being driven by activity on the January 20th 20.00 call. Volume on this contract is 6035 with open interest at 2911, so the volume primarily represents fresh positioning. The transactions on this contract consisted of blocks that were being bought at various times at the ask price of $0.15, which suggests bullish momentum.
🔴Bearish Activity🔴
$LPX
Moving lower this morning after TD Securities downgraded the building products maker to Hold f