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RCII

Rent-A-Center

$11.72

-0.19 (-1.60%)

11:55
06/20/17
06/20
11:55
06/20/17
11:55

Rent A Center put volume heavy and directionally bearish

Bearish flow noted in Rent A Center with 3,979 puts trading, or 5x expected. Most active are Aug-17 10 puts and Dec-17 10 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 3979, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 26th.

RCII Rent-A-Center
$11.72

-0.19 (-1.60%)

06/07/17
06/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) and Coca-Cola (KO) were downgraded to Market Perform from Outperform at BMO Capital. 2. Rent-A-Center (RCII) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business. 3. HD Supply (HDS) was downgraded to Neutral from Outperform at Baird and to Hold from Buy at Drexel Hamilton. 4. IMAX (IMAX) downgraded to Hold from Buy at Benchmark with analyst Mike Hickey saying he fears movie goers' enthusiasm for recliner installations has shifted share away from IMAX and he now worries that recent per screen average deterioration could "prove less than transitory." 5. Danaher (DHR) downgraded to Neutral from Buy at Janney Capital with analyst Paul Knight saying he sees the company having more work to do optimizing its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/17
LOOP
06/07/17
DOWNGRADE
Target $8
LOOP
Sell
Rent-A-Center downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba downgraded Rent-A-Center to Sell with an unchanged price target of $8. The secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business, the analyst tells investors in a research note. The analyst believes Rent-A-Center is "highly unlikely" to achieve management's 2018 and 2019 financial targets.
06/05/17
KEYB
06/05/17
NO CHANGE
KEYB
Rent-A-Center could be sold, says KeyBanc
KeyBanc analyst Bradley Thomas believes it is "increasingly likely" that Engaged Capital will obtain seats on Rent-A-Center's board on June 8. He thinks that the board will probably look into selling the company and he believes that the company could ultimately be sold. The analyst says that the election of Engaged Capital's representatives to the board would be a positive catalyst for Rent-A-Center's stock, and he thinks that a "near-term opportunity" has been created ahead of the June 8 annual meeting.
05/30/17
SPHN
05/30/17
NO CHANGE
SPHN
Underweight
Rent-A-Center recommendation from ISS a 'lose/lose,' says Stephens
Stephens analyst Vincent Caintic said he views proxy voting advisory firm ISS's recommendation for two of Engaged Capital's director candidates for Rent-A-Center's board and the retention of CEO Mark Speese as a "lose/lose" scenario and a negative for the shares. He thinks the recommendation "effectively hands victory" to Rent-A-Center's management team which could lead to the activist board member's stepping down if not enough of the board supports pursuing a sale. Caintic keeps an Underweight rating on Rent-A-Center shares.

TODAY'S FREE FLY STORIES

ISBC

Investors Bancorp

$13.41

0.12 (0.90%)

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TGS

Transportadora de Gas del Sur SA

$17.48

0.07 (0.40%)

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PAM

Pampa Energia S.A.

$60.93

0.2 (0.33%)

07:48
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PRGS

Progress Software

$37.49

0.18 (0.48%)

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Breaking Hot Stocks news story on Progress Software »

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PRGS

Progress Software

$37.49

0.18 (0.48%)

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Progress Software 'values' Praesidium's ideas, welcomes input from investors »

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JEC

Jacobs Engineering

$56.76

0.81 (1.45%)

, AERI

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Jacobs Engineering selected by Aerie Pharmaceuticals as engineering contractor »

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BNPQY

BNP Paribas

$39.68

0.19 (0.48%)

, AXAHY

AXA

$29.47

0.13 (0.44%)

07:46
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07:46
Periodicals
BNP weighing tie-up of money-management division with Axa unit, Bloomberg says »

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BNPQY

BNP Paribas

$39.68

0.19 (0.48%)

AXAHY

AXA

$29.47

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CHFC

Chemical Financial

$49.32

0.71 (1.46%)

07:45
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Downgrade
Chemical Financial rating change  »

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QSII

Quality Systems

$15.71

-0.14 (-0.88%)

07:45
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Initiation
Quality Systems initiated  »

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07:45
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General news
N.Y. FX Outlook »

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HOLI

Hollysys

$20.77

0.42 (2.06%)

07:44
09/19/17
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07:44
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Conference/Events
Hollysys management to meet with Deutsche Bank »

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CYTK

Cytokinetics

$14.25

0.1 (0.71%)

, AMGN

Amgen

$186.47

-1 (-0.53%)

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Hot Stocks
Cytokinetics doses first patient in Japan in GALACTIC-HF Phase 3 trial »

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CYTK

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AMGN

Amgen

$186.47

-1 (-0.53%)

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KORS

Michael Kors

$44.65

-0.27 (-0.60%)

07:43
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Technical Analysis
Technical View: Michael Kors moves higher, analyst action »

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INTC

Intel

07:43
09/19/17
09/19
07:43
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07:43
Periodicals
Intel Capital invested over $1B in AI-focused companies, TechCrunch says »

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  • 23

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PDCO

Patterson Companies

$37.94

-0.59 (-1.53%)

07:43
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BABA

Alibaba

$179.98

3.28 (1.86%)

, BSTI

BEST Inc

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Syndicate
BEST Inc cuts size of proposed IPO following 'tepid' response, Reuters reports »

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BABA

Alibaba

$179.98

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BEST Inc

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  • 20

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FOLD

Amicus

$13.67

-0.21 (-1.51%)

07:42
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Amicus granted FDA Fast Track Designation for migalastat »

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RAD

Rite Aid

$2.73

0.1 (3.80%)

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MDGL

Madrigal Pharmaceuticals

$19.80

0.99 (5.26%)

07:41
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Madrigal Pharmaceuticals announces positive outcome from pre-planned DSMB review »

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MDSO

Medidata

$75.85

-0.01 (-0.01%)

07:40
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Initiation
Medidata initiated  »

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  • 25

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ABX

Barrick Gold

$16.92

-0.38 (-2.20%)

07:40
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07:40
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07:40
Conference/Events
Barrick Gold management to meet with Deutsche Bank »

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  • 19

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  • 26

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07:40
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General news
Treasury Market Outlook: yields are a little lower »

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SFTBF

SoftBank

$78.30

0.3501 (0.45%)

07:39
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Periodicals
SoftBank Ventures Korea looks to invest in promising start-ups, CNBC says »

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MCK

McKesson

$148.42

-1.46 (-0.97%)

07:38
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Initiation
McKesson initiated  »

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  • 21

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SUPN

Supernus

$49.65

0.6 (1.22%)

07:37
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Downgrade
Supernus rating change  »

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  • 19

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