Time to Buy HSBC Holdings plc (ADR) After Today’s Option Traders Bet?

 Time to Buy HSBC Holdings plc (ADR) After Today's Option Traders Bet?

In today’s session HSBC Holdings plc (ADR) (HSBC) registered an unusually high (1,062) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious HSBC increase. With 1,062 contracts traded and 11594 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: HSBC161216C00039000 closed last at: $0.93 or 9.7% down. About 217,032 shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 17.61% since April 20, 2016 and is uptrending. It has outperformed by 13.05% the S&P500.

HSBC Holdings plc (ADR) (NYSE:HSBC) Ratings Coverage

Out of 10 analysts covering HSBC Holdings (NYSE:HSBC), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. HSBC Holdings has been the topic of 15 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, November 8 by Citigroup. Bank of America upgraded the shares of HSBC in a report on Thursday, August 4 to “Buy” rating. The company was upgraded on Monday, November 21 by Bernstein. The company was downgraded on Thursday, March 24 by Bank of America. Macquarie Research downgraded the shares of HSBC in a report on Thursday, January 14 to “Neutral” rating. UBS upgraded the shares of HSBC in a report on Wednesday, September 30 to “” rating. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, February 8 report. The stock has “Neutral” rating given by Natixis on Thursday, November 17. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underweight” rating given on Wednesday, January 6 by JP Morgan. As per Tuesday, March 29, the company rating was downgraded by BNP Paribas.

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 $157.71 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 62.06 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 important 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 published article titled: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations”, Businessfinancenews.com published: “HSBC Holdings plc (ADR): Saudi Setback, Moody’s Prophecy Coming True” on April 01, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) was released by: Businessfinancenews.com and their article: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” with publication date: June 29, 2016.

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