YY Inc (ADR) Has More Gas To Increase After Today’s Bullish Options Activity

 YY Inc (ADR) Has More Gas To Increase After Today's Bullish Options Activity

In today’s session YY Inc (ADR) (YY) registered an unusually high (4,543) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious YY increase. With 4,543 contracts traded and 110924 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: YY161118C00045000 closed last at: $0.75 or 57.1% down. About 404,735 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 30.73% since April 13, 2016 and is downtrending. It has underperformed by 34.65% the S&P500.

YY Inc (ADR) (NASDAQ:YY) Ratings Coverage

Out of 3 analysts covering YY Inc (NASDAQ:YY), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $88 is the highest target while $62 is the lowest. The $75 average target is 69.72% above today’s ($44.19) stock price. YY Inc has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 31. The rating was initiated by HSBC with “Buy” on Monday, October 31. The rating was maintained by Piper Jaffray on Friday, August 14 with “Overweight”. Pacific Crest downgraded the shares of YY in a report on Monday, August 17 to “Sector Weight” rating. The rating was downgraded by Zacks to “Hold” on Thursday, August 20.

According to Zacks Investment Research, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China.”

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has a market cap of $1.60 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 16.49 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

YY Company Profile

YY Inc. (YY), incorporated on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Firm owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan.

Another recent and important YY Inc (ADR) (NASDAQ:YY) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on November 21, 2012.

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