Rubrik Stock Soars After Strong Q3 Earnings

Core Insights - Rubrik Inc (NYSE:RBRK) stock has surged by 24.6% to $87.82 following the release of better-than-expected third-quarter earnings and revenue, along with a reduction in its full-year loss forecast [1] - Four analysts have raised their price targets for the stock after the earnings report [1] Stock Performance - RBRK is trading at its highest levels since mid-September, marking its best daily percentage gain since March 14, with a year-to-date increase of 34.2% [2] - The stock has gapped above recent pressure at the 30-day moving average, indicating a strong upward trend [2] Short Interest and Trading Activity - Short interest in RBRK represents 9% of its available float, with nearly four days required for short positions to cover at the stock's average trading pace [2] - Options trading has seen significant activity, with 27,000 calls and 13,000 puts exchanged, which is 14 times the average daily amount [3] - The most popular option is the weekly 12/5 77.50-strike put, with new positions being sold to open [3]