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Fly News Breaks for October 17, 2018
NTAP, PSTG
Oct 17, 2018 | 05:10 EDT
Goldman Sachs analyst Rod Hall upgraded Pure Storage (PSTG) to Neutral and raised his price target for the shares to $23 from $18. The analyst this morning also upgraded NetApp (NTAP) to Conviction Buy from Neutral. Hall, who believes Pure Storage has been losing share in the all-flash array market, thinks the company is positioned to benefit from an improving storage market.
News For PSTG;NTAP From the Last 2 Days
NTAP
Apr 17, 2024 | 13:16 EDT
Bearish flow noted in NetApp with 1,299 puts trading, or 2x expected. Most active are 4/26 weekly 98 puts and 4/26 weekly 97 puts, with total volume in those strikes near 830 contracts. The Put/Call Ratio is 2.39, while ATM IV is up over 1 point on the day. Earnings are expected on May 30th.
