Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Sarepta (SRPT) downgraded to Underperform at Jefferies by analyst Gena Wang, who said she continues to see a low probability of approval for eteplirsen by the May 26 FDA action date. The analyst said that the FDA officials emphasized that the agency is a science organization while Dr. Woodstock's sympathy to Duchenne muscular dystrophy patients fueled some speculation on potential approval. She believes the "current weak evidence" based on the FDA's analysis could not support the drug's effect. 2. Fiat Chrysler (FCAU) downgraded to Underperform at BofA/Merrill with analyst John Murphy saying the company is making significant progress on its turnaround, but has concerns about its high leverage versus peers. 3. Ford (F) downgraded to Neutral at BofA/Merrill by analyst John Murphy, who said he believes the pace of improvement may slow in the second half of 2016, partly due to the upcoming changeover and launch of the SuperDuty in Q3 and Q4. He sees no obvious near-term catalysts to drive shares meaningfully higher. 4.Molina Healthcare (MOH) downgraded to Underperform at BofA/Merrill saying 2017 guidance appears increasingly unrealistic and with low visibility. The company was also downgraded to Neutral at UBS by analyst A.J. rice, who said the miss in Q1 is a "step back." The analyst believes that the updated 2016 guidance is "not a kitchen sink." 5. Green Bancorp (GNBC) downgraded to Neutral at SunTrust after the company announced its decision to not sell itself when it reaches $5B in assets, as it previously stated it would do. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Wednesday's total option volume of 42.3 million contracts resulted in net open interest growth of 4.78 million calls and 3.88 million puts. Tesla (TSLA), Meta Platforms (Facebook) (META), Ford (F) and NVIDIA (NVDA) saw the greatest growth. Top five new positions opened include 42k Tesla (TSLA) Aug-24 185 calls, 35k Taiwan Semi (TSM) Aug-24 110 calls, 30k Capri Holdings (CPRI) May-24 35 calls, 29k Ford (F) 4/26 weekly 13.5 calls and 26k Tesla (TSLA) 5/3 weekly 75 puts.

Check out this morning's top movers from around Wall Street, compiled by The Fly.  UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here

The company states: "The consolidated MCR for the first quarter of 2024 was 88.5%, reflecting changes in member mix due to growth across all segments and continued, strong medical cost management, and is in line with the Company's expectation. The Medicaid MCR for the first quarter of 2024 was 89.7%, in line with the Company's expectation and normal quarter to quarter trend fluctuations within our guidance. The new store additions in California and Nebraska, as well as Iowa and the My Choice Wisconsin acquisition in late-2023, drove a higher reported MCR in the first quarter of 2024. The Medicare MCR for the first quarter of 2024 was 88.7%, in line with the Company's expectations. Utilization in the legacy portfolio was consistent with the second half of 2023, but was offset by operational improvements and benefit adjustments."

Reports Q1 revenue $9.93B, consensus $9.44B. "We are very pleased with our first quarter performance," said Joseph Zubretsky, CEO. "We delivered strong financial performance supported by excellent operating metrics across our business, while sustaining profitable growth consistent with our long-term targets."

Reports Q1 revenue $42.8B, consensus $40.1B. Reports Q4 adjusted EBIT $2.8B.

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.

Tuesday's total option volume of 40.6 million contracts resulted in net open interest growth of 5.36 million calls and 4.67 million puts. Tesla (TSLA), AGNC Investment Corp. (AGNC), Amazon (AMZN) and Ford (F) saw the greatest growth. Top five new positions opened include 40k Wal-Mart (WMT) May-24 59 calls, 37k AGNC Investment Corp. (AGNC) Sep-24 8 puts, 36k AGNC Investment Corp. (AGNC) Sep-24 7 puts, 28k Ford (F) 4/26 weekly 13 calls and 26k Cleveland-Cliffs (CLF) May-24 20 calls.