Short Covering in 3D Market

John Ransom | October 27, 2014 2:43 PM

Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.

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Stock number one: Activision Blizzard, Inc.

Activision To Benefit From Destiny Sales-- Benzinga

Activsion is expected to report its third quarter results on November 3 after market close. [Brean Capital] expects the company to earn a non-GAAP earnings per share of $0.12 on $1.0 billion in revenue. The estimates are based on the 8.5 million units of "Destiny" sold in the quarter along with just over two million versions of "Diablo III: Reaper of Souls."

Symbol: ATVI

Trailing PE: 23; Forward PE: 13

PEG: 0.73

Dividend: 1.00%

Estimate Trend: Down

Ransom Note Trendline: Avoid Benzinga

Stock number two: The ExOne Company

Short Sellers Jump Back Into 3D Printing Stocks --24/7 Wall Street

Short interest in The ExOne Co. (NASDAQ: XONE) rose 10.5% to 4.96 million shares, and the days to cover fell to six. About 54.6% of the company’s shares are now short. Shares of ExOne fell about 6.7% in the two-week period and closed at $21.21 on Friday night, down about 65% year to date. The stock’s 52-week range is $16.00 to $70.25.

SodaStream International Ltd. (SODA) was a big mover last session, as the company saw its shares rise over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.34 to $21.51 since Oct 7, 2014.

Symbol: SODA

Trailing PE: 17; Forward PE: 14

PEG: 0.74

Dividend: NA

Estimate Trend: NA

Ransom Note Trendline: Avoid SodaStream