In today's session CIT Group Inc. (CIT) registered an unusually high (406) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2016 call, expecting serious CIT increase.
Shares of CIT Group Inc (DEL) (NYSE:CIT) appreciated by 0.37% during the past week but lost 0.33% on a 4-week basis. The shares have outperformed the S&P 500 by 0.33% in the past week but underperformed the index by 0.84% in the last 4 weeks.
CIT Group Inc (DEL) (NYSE:CIT) has witnessed a rise of 38.1% or 2,068,014 shares in its short figure. The short interest augmentation took it from 5,430,178 on October 30,2015 to 7,498,192 on November 13,2015.
We rate CIT GROUP INC (CIT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.