Breaking News Instant updates and real-time market news.

ROKU

Roku

$116.20

-17.51 (-13.10%)

11:40
09/20/19
09/20
11:40
09/20/19
11:40

Roku leads single stock option volume with over 250K contracts in 90 minutes

Roku leads single stock option volume with over 250K contracts in 90 minutes. Shares down nearly $15, or 11%, to $118.80 following bearish analyst comments, with puts leading calls 3:2 and implied volatility up sharply, nearly 10 points in the October term. 55% of today's volume is in Septembers that expire in a few hours, while longer dated flow includes 2800 Oct 100 puts trading at an avg price near $1.96 in seller-dominated flow.

ROKU Roku
$116.20

-17.51 (-13.10%)

09/20/19
PIVT
09/20/19
INITIATION
Target $60
PIVT
Sell
Pivotal starts 'dramatically overvalued' Roku with Sell rating, $60 target
Pivotal Research analyst Jeffrey Wlodarczak initiated coverage of Roku (ROKU) with a Sell rating and $60 price target. The streaming service closed yesterday up 3% to $133.76. The emergence of "dramatically" more competition will likely drive the cost of over-the-top devices to zero and put "material" pressure on advertising revenue splits, Wlodarczak tells investors in a research note partially titled "Is ROKU BROKU?" Comcast's (CMCSA) recent moves with its free Xfinity Flex product will likely be copied by other distributors, adds the analyst. He believes Comcast's move to free will materially reduce Roku's potential outsized subscriber growth and average revenue per user opportunities, or the reasons for the stock's "premium" valuation. Roku management deserves credit for the asset they have created, but "everyone has realized the living room is too important and the big boys with massive leverage" are likely to make the company's growth much more difficult, argues Wlodarczak. The analyst believes that despite the recent selloff, shares of Roku are still "dramatically overvalued."
09/20/19
OPCO
09/20/19
NO CHANGE
Target $155
OPCO
Outperform
Roku price target raised to $155 from $120 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Roku to $155 from $120 and maintained an Outperform rating after evaluating the impact of Roku's international expansion plans and the slew of new OTT streaming services coming to market in the fourth quarter and in 2020. Helfstein tells investors in a research note that he feels Roku's U.S. strategy play-book should allow fast international market share, which generates value of $10/share from the U.K. and $4/share for Brazil. The analyst says that while shares remain expensive, he sees the stock moving higher from current levels given the current growth and bullish secular outlook.
09/20/19
09/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Sell at Pivotal Research. 2. Carvana (CVNA) initiated with an Outperform at Oppenheimer. 3. Zealand Pharma (ZEAL) and MyoKardia (MYOK) were initiated with a Buy at Guggenheim. 4. Wayfair (W) initiated with a Sell at Berenberg. 5. Eton Pharmaceuticals (ETON) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/19
NEED
09/20/19
NO CHANGE
Target $150
NEED
Buy
Needham defends Roku, says competing successfully against media giants
Needham analyst Laura Martin commented on the recent weakness in Roku stock, telling investors in a research note that even if Roku's hardware sales "went to zero tomorrow," hardware sales represented a total of 5% of Roku's profit contribution and that the financial downside would be "minimal." Martin also argues that Roku's economic momentum is primarily driven by revenue share upside Roku will get from new SVOD services like Apple+ and Disney+ that must pay Roku to access their 30M OTT customers, and that Roku is a stronger competitor with more financial momentum and deeper moats, plus a well-established track record of competing successfully against media giants. She maintains a Buy rating and $150 price target on the stock.

TODAY'S FREE FLY STORIES

URI

United Rentals

$128.40

0.64 (0.50%)

12:45
10/18/19
10/18
12:45
10/18/19
12:45
Options
United Rentals call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:45
10/18/19
10/18
12:45
10/18/19
12:45
General news
Breaking General news story  »

Week of 10/18…

TRHC

Tabula Rasa HealthCare

$47.88

-3.24 (-6.34%)

12:41
10/18/19
10/18
12:41
10/18/19
12:41
Recommendations
Tabula Rasa HealthCare analyst commentary  »

Tabula Rasa selloff on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$355.30

-13.83 (-3.75%)

12:39
10/18/19
10/18
12:39
10/18/19
12:39
Hot Stocks
Boeing falls after telling FAA employees may have misled agency on 737 safety »

The Federal Aviation…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

BA

Boeing

$355.30

-13.83 (-3.75%)

12:38
10/18/19
10/18
12:38
10/18/19
12:38
Periodicals
FAA says Boeing employees seem to have misled agency about 737 MAX, Reuters says »

Boeing handed over…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

NOK

Nokia

$5.21

-0.025 (-0.48%)

12:35
10/18/19
10/18
12:35
10/18/19
12:35
Options
Nokia put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

  • 24

    Oct

ORCL

Oracle

$54.54

-0.53 (-0.96%)

12:30
10/18/19
10/18
12:30
10/18/19
12:30
Hot Stocks
Oracle confirms passing of co-CEO Mark Hurd »

Oracle CTO and cofounder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FSLR

First Solar

$55.52

0.3 (0.54%)

12:25
10/18/19
10/18
12:25
10/18/19
12:25
Options
First Solar call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Oct

RARE

Ultragenyx

$42.78

-1.06 (-2.42%)

12:25
10/18/19
10/18
12:25
10/18/19
12:25
Conference/Events
Ultragenyx participates in a conference call with JPMorgan »

Large Cap Biotechnology…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 31

    Jul

UBER

Uber

$31.59

-1 (-3.07%)

, LYFT

Lyft

$40.79

-0.91 (-2.18%)

12:25
10/18/19
10/18
12:25
10/18/19
12:25
Conference/Events
UBS services analyst to hold an analyst/industry conference call »

Services Analyst Wadewitz…

UBER

Uber

$31.59

-1 (-3.07%)

LYFT

Lyft

$40.79

-0.91 (-2.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 30

    Oct

  • 04

    Nov

  • 07

    Nov

  • 19

    Nov

BA

Boeing

$361.23

-7.9 (-2.14%)

12:24
10/18/19
10/18
12:24
10/18/19
12:24
Hot Stocks
Boeing down 3% as Reuters reports on employees possibly misleading FAA »

Shares of Boeing are down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
10/18/19
10/18
12:17
10/18/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$364.04

-5.09 (-1.38%)

12:16
10/18/19
10/18
12:16
10/18/19
12:16
Periodicals
Breaking Periodicals news story on Boeing »

FAA demands explanation…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/18/19
10/18
12:16
10/18/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$363.73

-5.4 (-1.46%)

12:15
10/18/19
10/18
12:15
10/18/19
12:15
Periodicals
Breaking Periodicals news story on Boeing »

FAA says Boeing employees…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

NTAP

NetApp

$53.27

-0.76 (-1.41%)

12:15
10/18/19
10/18
12:15
10/18/19
12:15
Options
NetApp put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

PGR

Progressive

$70.81

-0.64 (-0.90%)

12:05
10/18/19
10/18
12:05
10/18/19
12:05
Options
Progressive call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WORK

Slack Technologies

$21.53

-2.47 (-10.29%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Slack Technologies falls -10.3% »

Slack Technologies is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NNA

Navios Acquisition

$8.20

-2.16 (-20.85%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Navios Acquisition falls -21.5% »

Navios Acquisition is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GIL

Gildan Activewear

$27.00

-8.375 (-23.67%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Gildan Activewear falls -23.7% »

Gildan Activewear is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Oct

KSU

Kansas City Southern

$143.98

8.65 (6.39%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Kansas City Southern rises 6.3% »

Kansas City Southern is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 13

    Nov

BORR

Borr Drilling

$6.57

0.53 (8.77%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Borr Drilling rises 7.5% »

Borr Drilling is up 7.5%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HEP

Holly Energy Partners

$22.99

1.72 (8.09%)

12:00
10/18/19
10/18
12:00
10/18/19
12:00
Hot Stocks
Holly Energy Partners rises 8.1% »

Holly Energy Partners is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Oct

ORCL

Oracle

$54.72

-0.35 (-0.64%)

11:55
10/18/19
10/18
11:55
10/18/19
11:55
Periodicals
Oracle co-CEO Mark Hurd has died, Reuters reports »

Reuters cites a company…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DHT

DHT Holdings

$7.19

-0.215 (-2.90%)

11:55
10/18/19
10/18
11:55
10/18/19
11:55
Options
DHT Holdings put volume heavy and directionally bearish »

Bearish flow noted in DHT…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.