HomeAway downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded HomeAway to Neutral on expectations increased marketing spend could result in lowered guidance in Q2. The firm dropped its price target for shares to $38 from $49.
HomeAway call activity attributed to takeover speculation HomeAway November and January 32calls are active on total call volume of 2500 contracts (150 puts) on takeover speculation. December call option implied volatility is at 37, January is at 34,; compared to its 26-week average of 41 according to Track Data. Active call volume suggests traders taking positions for large price movement.