U.S. stocks are little changed this morning, with the lack of movement stemming from anticipation ahead of today's Fed meeting minutes release. Among the stocks making moves this morning are airliner Delta Air Lines, Inc. (NYSE:DAL), security and data solutions company Barracuda Networks Inc (NYSE:CUDA), and refrigerant services concern Hudson Technologies, Inc. (NASDAQ:HDSN). Here's a closer look at what's moving shares of DAL, CUDA, and HDSN.
Shares of Delta Air Lines are higher after the company reported better-than-expected third-quarter earnings before today's opening bell. The airline stock is trading up 0.8% at $53.12, and is currently sporting a 35.3% year-over-year gain. DAL hit a record closing high of $55.48 back on July 12, and is now on track to retest that peak soon, following a 20% pullback through early September.
Despite the long-term positive price action, options players are favoring bearish bets. DAL's Schaeffer's put/call open interest ratio (SOIR) of 0.86 ranks in the 100th percentile of its annual range, suggesting the put skew among near-term options traders is at peak levels.
Barracuda Networks reported adjusted second-quarter earnings that fell 36% year-over-year -- right in line with analysts' expectations, although the stock has plummeted 10.3% to $23.10 in response to the news. Today's bear gap has the stock on track to close below its recently supportive 40-day moving average for the first time since Aug. 29.
Ahead of earnings, CUDA options traders had grown increasingly bearish on the stock. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CUDA's 50-day put/call volume ratio of 0.63 ranks in the 90th percentile of its annual range, suggesting that puts have been bought-to-open at a faster-than-usual clip relative to calls during the past 10 weeks.