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

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

In today’s session Sony Corp (ADR) (SNE) recorded an unusually high (339) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SNE decrease. With 339 contracts traded and 65744 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SNE170120P00025000 closed last at: $0.25 or 25% up. About 244,115 shares traded hands. Sony Corp (ADR) (NYSE:SNE) has risen 12.16% since April 18, 2016 and is uptrending. It has outperformed by 7.73% the S&P500.

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. TheStreet upgraded Sony Corp (ADR) (NYSE:SNE) on Monday, August 24 to “Buy” rating. On Thursday, April 21 the stock rating was downgraded by JP Morgan to “Neutral”. The company was maintained on Sunday, August 16 by JP Morgan. As per Wednesday, July 6, the company rating was upgraded by Deutsche Bank. As per Friday, September 4, the company rating was maintained by Nomura.

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 $37.23 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 74.08 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 news for Sony Corp (ADR) (NYSE:SNE) were recently published by: Investorplace.com, which released: “The Sony Corp (ADR) (SNE) Comeback Looks Real” on October 18, 2016. Nasdaq.com‘s article titled: “Sony Corp ADR (SNE) Earnings Hit by PS4 Price Cut” and published on November 01, 2016 is yet another important article.

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