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Fly News Breaks for January 7, 2016
KSS, JCP
Jan 7, 2016 | 10:37 EDT
Baird analyst Mark Altschwager said he was encouraged by J.C. Penney's (JCP) report of a holiday comparable sales rise of 3.9%, which he notes is roughly in-line with expectations and believes should be enough to satisfy low expectations. Altschwager also said the report has a positive read-though for Penney's peer Kohl's (KSS). The analyst keeps a Neutral rating and $9 price target on J.C. Penney shares.
News For JCP;KSS From the Last 2 Days
KSS
Apr 17, 2024 | 10:16 EDT
Bearish flow noted in Kohl's with 4,607 puts trading, or 3x expected. Most active are 5/31 weekly 21 puts and Apr-24 23 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 7.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 23rd.
