Could HSBC Holdings plc (ADR) Rise More? The Stock Had Bearish Options Activity

 Could HSBC Holdings plc (ADR) Rise More? The Stock Had Bearish Options Activity

In today’s session HSBC Holdings plc (ADR) (HSBC) recorded an unusually high (255) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HSBC decrease. With 255 contracts traded and 6904 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HSBC161216P00035000 closed last at: $0.81 or 0% . About 1.09 million shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 18.55% since March 2, 2016 and is uptrending. It has outperformed by 10.29% the S&P500.

Analysts await HSBC Holdings plc (ADR) (NYSE:HSBC) to report earnings on November, 7.

HSBC Holdings plc (ADR) (NYSE:HSBC) Ratings Coverage

Out of 8 analysts covering HSBC Holdings (NYSE:HSBC), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. HSBC Holdings has been the topic of 12 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by BNP Paribas given on Monday, June 27. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underperform” rating given on Thursday, March 24 by Bank of America. Morgan Stanley downgraded the shares of HSBC in a report on Monday, February 8 to “Underweight” rating. On Monday, June 27 the stock rating was upgraded by JP Morgan to “Neutral”. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, January 14 report. The firm has “Underperform” rating by CLSA given on Monday, April 25. The stock has “Neutral” rating given by Citigroup on Tuesday, September 13. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “” rating by UBS on Wednesday, September 30. Bank of America upgraded the stock to “Buy” rating in Thursday, August 4 report. The firm earned “Neutral” rating on Wednesday, September 14 by UBS.

According to Zacks Investment Research, “HSBC HOLDINGS is one of the largest banking and financial services organisations in the world. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.”

HSBC Holdings plc is the banking and financial services company. The company has a market cap of $155.34 billion. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It has a 17.63 P/E ratio. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

HSBC Company Profile

HSBC Holdings plc (HSBC), incorporated on January 1, 1959, is the banking and financial services company. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. The Firm operates in over 70 countries and territories across the world.

More notable recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Businessfinancenews.com which released: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” on June 29, 2016, also Businessfinancenews.com with their article: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations” published on April 28, 2016, Businessfinancenews.com published: “HSBC Holdings plc (ADR) 14 Years of Nightmare is Finally Over” on June 19, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) were released by: Investorplace.com and their article: “HSBC Holdings plc (ADR) Lets Customers Use ‘Selfie’ Instead of Password” published on September 06, 2016 as well as Businessfinancenews.com‘s news article titled: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” with publication date: February 11, 2016.

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