Bearish Options Activity on Virgin America Inc After Worse Fundamentals

 Bearish Options Activity on Virgin America Inc After Worse Fundamentals

In today’s session Virgin America Inc (VA) recorded an unusually high (670) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious VA decrease. With 670 contracts traded and 11764 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: VA161216P00055000 closed last at: $1.5 or 45.5% down. The stock last traded at $56.15 per share. It is down 1.26% since April 7, 2016 and is uptrending. It has underperformed by 3.52% the S&P500.

Virgin America Inc (NASDAQ:VA) Ratings Coverage

Out of 11 analysts covering Virgin America Inc (NASDAQ:VA), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. $57 is the highest target while $33 is the lowest. The $45.89 average target is -18.27% below today’s ($56.15) stock price. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Imperial Capital with “In-Line” on Friday, September 23. The stock of Virgin America Inc (NASDAQ:VA) earned “Market Perform” rating by Cowen & Co on Friday, February 19. Deutsche Bank maintained the shares of VA in a report on Wednesday, October 12 with “Hold” rating. The stock has “Underweight” rating given by JP Morgan on Thursday, January 14. The stock has “Hold” rating given by Deutsche Bank on Friday, April 8. Barclays Capital downgraded Virgin America Inc (NASDAQ:VA) on Friday, April 15 to “Equal-Weight” rating. The firm has “Market Perform” rating by Raymond James given on Tuesday, September 22. The rating was upgraded by Bank of America to “Buy” on Tuesday, August 4. Credit Suisse upgraded the stock to “Neutral” rating in Monday, April 4 report. Morgan Stanley upgraded Virgin America Inc (NASDAQ:VA) on Tuesday, April 5 to “Equal-Weight” rating.

According to Zacks Investment Research, “Virgin America Inc. is a premium airline providing scheduled air travel services in the continental United States and Mexico. The Company offers a wide range of services such as transporting passengers between cities in the United States, providing in-flight food, beverages, and entertainment, and assisting customers with scheduling flights. The Company’s services feature mood-lit cabins with fleetwide WiFi, custom-designed leather seats, power outlets, and a video touch-screen at every seatback offering guests on-demand menus and countless entertainment options. Virgin America Inc. is headquartered in Burlingame, California.”

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The company has a market cap of $2.90 billion. The Firm operates in air transportation service segment. It has a 8.4 P/E ratio. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field to other destinations in North America.

VA Company Profile

Virgin America Inc., incorporated on January 26, 2004, is an airline that provides scheduled air travel in the United States and Mexico. The Firm operates in the air transportation service segment. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Firm provides service to over 20 airports in the United States and Mexico with a fleet of over 50 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin.

More notable recent Virgin America Inc (NASDAQ:VA) news were published by: Marketwatch.com which released: “Alaska Air, Virgin America merger remains up in the air” on October 20, 2016, also Prnewswire.com with their article: “Virgin America To File Third Quarter 2016 Financial Results” published on November 01, 2016, Nasdaq.com published: “Virgin America Reaches Analyst Target Price” on November 08, 2016. More interesting news about Virgin America Inc (NASDAQ:VA) were released by: Fool.com and their article: “Virgin America Profit Soars as It Waits to Merge With Alaska Air” published on November 03, 2016 as well as Reuters.com‘s news article titled: “Ex-‘Real Housewives’ stars pulled off flight sue Virgin America” with publication date: October 25, 2016.

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