Trader’s Buzz: Insperity (NSP), Trulia (TRLA), Amazon.com (AMZN), Verizon (VZ), Diamondback Energy (FANG)

Shares of Insperity, Inc. (NSP) shot up 13% to $41.10 in midday trading Wednesday, after Starboard Value announced a 13.2% ownership stake in the human resources outsourcing company. Starboard said it believes Insperity is “deeply undervalued,” and a number of opportunities exist to create significant shareholder value. According to Starboard, operational improvements in the company’s cost structure and capital allocation should be easily achievable over the next year and could result in a share price of $53.84 – $64.80.

Trulia, Inc. (TRLA) – UBS Group discloses 7.01% passive stake in 13G filing.

On valuation measures, Trulia, currently valued at $1.57B, has a median Wall Street price target of $50.00 with a high target of $70.00. In the past 52 weeks, shares of San Francisco, California-based company have traded between a low of $28.15 and a high of $67.50 with the 50-day MA and 200-day MA located at $46.40 and $49.76 levels, respectively. Additionally, shares of TRLA trade at a P/E ratio of -4.28 and have a Relative Strength Index (RSI) and MACD indicator of 36.07 and -1.92, respectively.

TRLA currently prints a one year return of about 8.52%, and a year-to-date loss of around 10%.

Trulia recently traded at $41.24, down 0.34 percent.

Amazon.com Inc. (AMZN) – Ticker is pulling back from intraday highs. Pullback attributed to CNBC’s David Faber refuting rumors Carl Icahn has stake in the company.

Amazon shares are trading at unusually high volume Wednesday with 8.4 million shares changing hands. It is currently at 2x its average daily volume and trading up 2.62% at $297. On valuation measures, ticker has a PEG and forward P/E ratio of -16.72 and 382.49, respectively. Price/Sales for the same period is 1.57 while EPS is ($0.47). Currently there are 24 analysts that rate AMZN a ‘Buy’, 18 rate it a ‘Hold’. No analyst rates it a ‘Sell’. AMZN has a median Wall Street price target of $350.00 with a high target of $450.00.

In the past 52 weeks, shares of the e-commerce giant have traded between a low of $284.00 and a high of $408.06. Shares are down 27.57% year-over-year, and 6.74% year-to-date. Day’s range: $287.31 – $306.

Verizon (VZ) – Bloomberg reports the company will likely top bidders in a U.S. government airwave auction. According to the publication, financing that bid, which New Street Research estimates to be as high as $20 billion, will add to Verizon’s $107.6 billion in long-term debt, the most among U.S. non-financial companies.

Verizon shares are currently changing hands at $48.28, up 0.21 percent. In the past 52 weeks, the name has traded between a low of $45.09 and a high of $53.66. Shares are up 4.20% year-over-year, and 4.22% year-to-date.

Shares of Diamondback Energy, Inc. (FANG) are up 7.34% to $67.42 in midday trading Wednesday, after the company announced the pricing of its underwritten public offering of 1.75 million shares of its common stock. Gross proceeds will be $106 million.

Be the first to comment

Leave a Reply

Your email address will not be published.


*