HSBC Holdings plc (ADR) Can Burn Your Long Portfolio. Option Traders Are Bearish

 HSBC Holdings plc (ADR) Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session HSBC Holdings plc (ADR) (HSBC) recorded an unusually high (611) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious HSBC decrease. With 611 contracts traded and 82054 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HSBC170120P00037000 closed last at: $1.59 or 10.4% up. About 1.04 million shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 20.46% since April 4, 2016 and is uptrending. It has outperformed by 19.37% 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. BNP Paribas upgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Monday, June 27 to “Neutral” rating. The company was downgraded on Monday, February 8 by Morgan Stanley. As per Monday, April 25, the company rating was downgraded by CLSA. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Neutral” rating given on Wednesday, September 14 by UBS. The firm has “Underweight” rating by JP Morgan given on Wednesday, January 6. Bank of America upgraded the stock to “Buy” rating in Thursday, August 4 report. Bank of America downgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Thursday, March 24 to “Underperform” rating. The firm has “Neutral” rating by Citigroup given on Tuesday, September 13. On Monday, June 27 the stock rating was upgraded by JP Morgan to “Neutral”. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “” rating given on Wednesday, September 30 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 $146.56 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 17.15 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) 14 Years of Nightmare is Finally Over” on June 19, 2016, also Businessfinancenews.com with their article: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” published on June 29, 2016, Businessfinancenews.com published: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations” on April 28, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) were released by: Businessfinancenews.com and their article: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” published on February 11, 2016 as well as Businessfinancenews.com‘s news article titled: “HSBC Holdings plc (ADR): Saudi Setback, Moody’s Prophecy Coming True” with publication date: April 01, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment