Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Papa John's (PZZA) initiated with a Perform at Oppenheimer. 2. Adesto Technologies (IOTS) initiated with a Buy at Loop Capital. 3. American Eagle (AEO) initiated with a Buy at DA Davidson while Abercrombie & Fitch (ANF) was initiated with a Neutral. 4. Canopy Growth (CGC) initiated with a Perform at Oppenheimer. 5. NCR Corp. (NCR) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Bullish option flow detected in Abercrombie & Fitch with 2,715 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 57.10%. 4/26 weekly 103 calls and 5/3 weekly 103 calls are the most active options, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 29th.

Bullish option flow detected in Canopy Growth with 26,788 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 144.75%. Jun-24 6 calls and 4/26 weekly 10 calls are the most active options, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 30th.

In this week's "Rising High," The Fly's recurring series focused on cannabis and psychedelic stock news, The Fly looks back on study dosing, a completed acquisition and a research partnership. ATAI ANNOUNCES DOSING... To see the rest of the story go to thefly.com. See Story Here