Someone with a lot of money to spend has taken a bearish stance on Zoom Video Communications (NASDAQ:ZM).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Gainers
Aptevo Therapeutics Inc. (NASDAQ: APVO) shares jumped 162.8% to close at $17.03 after the company announced a clinical update for its Phase 1b Expansion trial evaluating APVO436 for acute myeloid leukemia (AML).
Over the past 3 months, 20 analysts have published their opinion on Zoom Video Communications (NASDAQ:ZM) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Following the market opening Tuesday, the Dow traded up 0.02% to 35,627.53 while the NASDAQ fell 0.58% to 15,762.28. The S&P also fell, dropping 0.14% to 4,676.49.
Some of the stocks that may grab investor focus today are:
Wall Street expects Best Buy Co Inc (NYSE: BBY) to report quarterly earnings at $1.91 per share on revenue of $11.56 billion before the opening bell. Best Buy shares rose 0.7% to $139.00 in after-hours trading.
GameStop Corp. (NYSE: GME) continues to be the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Tuesday, while Zoom Video Communications Inc.