EZchip weakness a buying opportunity, says Benchmark Co. Benchmark Co. recommends using the weakness in EZchip shares post the company's Q4 results as a buying opportunity. The firm thinks today's sell-off is overdone and maintains a Buy rating on the name with a $40 price target.
News For EZCH From The Last 14 Days
Check below for free stories on EZCH the last two weeks.
EZchip calls active on speculation it has canceled several conferences EZchip September 28 and October 24 calls are active on 7,100 contracts (200 puts) on speculation it has canceled several conference. September call option implied volatility is at 44, October is at 40, January is at 35; compared to its 26-week average of 34 according to Track Data. Active call volume suggests traders taking positions for large price movement.