Korn Ferry Stock Shoots Higher After Strong Quarter

Group 1 - Korn Ferry (NYSE: KFY) shares increased by 8.8%, trading at $72.64 after reporting better-than-expected earnings and revenue for the fiscal fourth quarter [1] - The stock broke above resistance at $72, which had emerged in January, and reached its highest level since early December [1] - Korn Ferry is on track for its largest single-day percentage increase since November, with a year-to-date gain of 7.9% [1] Group 2 - The options market for Korn Ferry is experiencing 43 times the average intraday volume, indicating heightened trading activity [2] - The most popular options contracts are the June 75 call and the 75 put, with new positions being opened for both [2] - Short-term options traders are exhibiting a more bearish sentiment than usual, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.53, ranking in the 99th percentile of annual readings [2]