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🔔Mid Day Trading Update🔔
📅Tuesday 28/6/2022📅
🟢Bullish Activity🟢
$FTNT
Shares are moving higher this morning after BMO Capital Markets upgraded the cyber security firm to Outperform from Market Perform and put a $70.00 price target on the stock. BMO analyst Keith Bachman said that company has “durable growth” that is supported by strong free cash flows, noting that software stocks with growth at a reasonable price are likely to outperform growth stocks and believes security is likely to remain “amongst the most resilient parts of IT spend during a recession”. The July 15th 50.00 put being the highest volume contract.
$OXY
Also to the upside after an SEC filing revealed that Warren Buffet’s Berkshire Hathaway increased its holdings in the U.S. shale producer by 794389 shares at prices from around $55.02-55.50. Berkshire is the largest individual shareholder at around 153.5M shares. The July 1st 62.00 call being the highest volume contract.
New 52-week highs: ( $HUM + $5.71 to