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Fly News Breaks for June 13, 2016
GSM
Jun 13, 2016 | 06:34 EDT
Jefferies analyst Martin Englert upgraded Ferroglobe to Buy saying the risk/reward is favorable with silicon prices set to increase. Silicon metals and alloy prices are at or near the bottom, Englert tells investors in a research note. He sees further share upside based on improving demand. Englert lowered his price target for the shares to $11 from $19.
News For GSM From the Last 2 Days
GSM
Apr 17, 2024 | 13:56 EDT
Bearish flow noted in Ferroglobe with 1,011 puts trading, or 1.0x expected. Most active are Apr-24 5 puts and May-24 6 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 34.86, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 7th.