Could Sony Corp (ADR) Lose Strenght? Option Traders Don’t Think So

 Could Sony Corp (ADR) Lose Strenght? Option Traders Don't Think So

In today’s session Sony Corp (ADR) (SNE) registered an unusually high (982) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SNE increase. With 982 contracts traded and 37864 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SNE161021C00034000 closed last at: $0.2 or 33.3% down. About 200,960 shares traded hands. Sony Corp (ADR) (NYSE:SNE) has risen 45.73% since March 8, 2016 and is uptrending. It has outperformed by 36.41% the S&P500.

Analysts await Sony Corp (ADR) (NYSE:SNE) to report earnings on November, 3. They expect $-0.20 EPS, down 190.91% or $0.42 from last year’s $0.22 per share. After $0.16 actual EPS reported by Sony Corp (ADR) for the previous quarter, Wall Street now forecasts -225.00% negative EPS growth.

Sony Corp (ADR) (NYSE:SNE) Ratings Coverage

Out of 4 analysts covering Sony Corp (NYSE:SNE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Sony Corp has been the topic of 5 analyst reports since August 16, 2015 according to StockzIntelligence Inc. As per Friday, September 4, the company rating was maintained by Nomura. The firm has “Buy” rating by TheStreet given on Monday, August 24. The stock has “Neutral” rating given by JP Morgan on Thursday, April 21. The rating was upgraded by Deutsche Bank on Wednesday, July 6 to “Buy”. The firm has “Overweight” rating by JP Morgan given on Sunday, August 16.

According to Zacks Investment Research, “Sony Corporation develops and manufactures consumer and industrial electronic equipment. The Company’s products include audio and video equipment, televisions, displays, semiconductors, electronic components, computers and computer peripherals, and telecommunication equipment. The Company is also active in the worldwide music and image-based software markets.”

Sony Corporation is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The company has a market cap of $41.53 billion. The Company’s divisions include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. It has a 51.71 P/E ratio. It is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks.

SNE Company Profile

Sony Corporation (Sony), incorporated on May 7, 1946, is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s divisions include Mobile Communications (MC), Game & Network Services (G&NS), Imaging Products & Solutions (IP&S), Home Entertainment & Sound (HE&S), Devices, Pictures, Music, Financial Services and All Other. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Sony is also engaged in the development, production, manufacture and distribution of recorded music and the management and licensing of the words and music of songs. It is also engaged in various financial services businesses, including life and non-life insurance operations, through its Japanese insurance subsidiaries and banking activities through a Japanese Internet banking subsidiary. In addition, Sony is engaged in a network services business and an advertising agency business in Japan. The Company’s manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products.

More recent Sony Corp (ADR) (NYSE:SNE) news were published by: Investorplace.com which released: “Sony Corp (ADR): Why PS4 Pro Gives SNE Stock a HUGE Advantage” on September 12, 2016. Also 247Wallst.com published the news titled: “HBO and Cinemax Join PlayStation Vue” on September 30, 2016. Investorplace.com‘s news article titled: “Taco Bell Corp. Promo: How to Win Free Sony Corp (ADR) PlayStation VR” with publication date: September 16, 2016 was also an interesting one.

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