What Will Happen to Virgin America Inc Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Virgin America Inc Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Virgin America Inc (VA) recorded an unusually high (1,225) 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 1,225 contracts traded and 38124 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: VA161216P00050000 closed last at: $0.15 or 85% down. About 30,819 shares traded hands. Virgin America Inc (NASDAQ:VA) has risen 1.91% since April 20, 2016 and is uptrending. It has underperformed by 2.64% 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 -18.74% below today’s ($56.47) stock price. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, February 4 by JP Morgan. The stock of Virgin America Inc (NASDAQ:VA) has “Hold” rating given on Wednesday, October 12 by Deutsche Bank. The stock of Virgin America Inc (NASDAQ:VA) earned “Buy” rating by Bank of America on Tuesday, August 4. The stock of Virgin America Inc (NASDAQ:VA) earned “Buy” rating by Vetr on Monday, August 24. On Tuesday, October 11 the stock rating was upgraded by JP Morgan to “Neutral”. On Tuesday, April 5 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The firm earned “Market Perform” rating on Friday, February 19 by Cowen & Co. The stock has “Hold” rating given by Deutsche Bank on Friday, April 8. Imperial Capital initiated Virgin America Inc (NASDAQ:VA) on Friday, September 23 with “In-Line” rating. Barrington Research upgraded the shares of VA in a report on Tuesday, August 4 to “Buy” 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 $2.97 billion. The Firm operates in air transportation service segment. It has a 8.45 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.

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