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ARNC

Arconic

$16.81

-3.54 (-17.40%)

10:10
01/22/19
01/22
10:10
01/22/19
10:10

$3.1M option block in Arconic as shares drop 19%

$3.1M option block in Arconic as shares drop 19%. The stock off $3.88 to $16.48 after the company scrapped plans for private equity buyout and 12.5K Jan 25th 19 puts trade $2.51 - the block likely closes a position (deal hedge) opened last week, which included an opening buyer of 10K for just 12c on 1/17 with shares just north of $22.

ARNC Arconic
$16.81

-3.54 (-17.40%)

01/14/19
01/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying his Flight Indicator data analysis suggests a "deceleration in domestic PRASM" in the first half of the year, coupled with other slowing demand indicators that include "weak ISM survey, declining CEO Confidence, airline pricing growth off highs, currency headwind, and government shutdown." 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowtiz saying the company's "overexposure" to "slowing" Europe is a risk. 3. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying the scale of U.S. supply, and its responsiveness to any significant hike in price, will likely limit the price upside for crude. 4. Arconic (ARNC) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Gambardella citing valuation. 5. XPO Logistics (XPO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Fowler citing his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/14/19
JPMS
01/14/19
DOWNGRADE
Target $22
JPMS
Neutral
Arconic downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Arconic (ARNC) to Neutral and lowered his price target for the shares to $22 from $24. The analyst cites valuation for the downgrade. The shares are gradually pricing in a buyout, which is appropriate, Gambardella tells investors in a research note. Bloomberg on January 2 reported that Apollo Global (APO) in talks to buy Arconic for $22 per share.
12/20/18
12/20/18
UPGRADE
Target $24

Buy
Longbow upgrades Arconic to Buy after positive aerospace supplier survey
As previously reported, Longbow analyst Chris Olin upgraded Arconic to Buy from Neutral, stating that his survey of contacts in the tier-3 and tier-4 aerospace channel reported an accelerating top-line growth environment. Some smaller aerospace forging competitors are now facing constrained production capacity, which he believes could protect Arconic's aerospace & defense market share, Olin added. He also believes take-out speculation "offers a solid trading floor in the mid-$17/share range," the analyst tells investors. He set a $24 price target on Arconic shares.
12/20/18
LBOW
12/20/18
UPGRADE
LBOW
Buy
Arconic upgraded to Buy from Neutral at Longbow

TODAY'S FREE FLY STORIES

HLF

Herbalife Nutrition

$55.47

-0.74 (-1.32%)

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  • 24

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NXPI

NXP Semiconductors

$91.41

-2.88 (-3.05%)

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

14:45
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03/22
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Breaking Hot Stocks news story on Lexicon 

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  • 22

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14:40
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General news
Action Economics Survey results: »

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PEG

PSEG

$59.99

0.52 (0.87%)

14:39
03/22/19
03/22
14:39
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14:39
Conference/Events
PSEG management to meet with BTIG »

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  • 16

    Apr

14:37
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14:37
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14:37
Conference/Events
BTIG transportation/shipping analyst to hold an analyst/industry conference call »

Transportation/Shipping…

RF

Regions Financial

$13.59

-0.84 (-5.82%)

14:35
03/22/19
03/22
14:35
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14:35
Options
Regions Financial put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 18

    Apr

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    Apr

FCAU

Fiat Chrysler

$14.61

-0.4 (-2.66%)

, PUGOY

Peugeot

$0.00

(0.00%)

14:32
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03/22
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14:32
Periodicals
Fiat Chrysler turned away Peugeot approach earlier this year, WSJ says »

Peugeot (PUGOY)…

FCAU

Fiat Chrysler

$14.61

-0.4 (-2.66%)

PUGOY

Peugeot

$0.00

(0.00%)

03/08/13
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GG

Goldcorp

$10.70

-0.47 (-4.21%)

, NEM

Newmont Mining

$34.52

0.2 (0.58%)

14:25
03/22/19
03/22
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14:25
Hot Stocks
BCI says will exercise holder rights in voting against Goldcorp-Newmont merger »

British Columbia…

GG

Goldcorp

$10.70

-0.47 (-4.21%)

NEM

Newmont Mining

$34.52

0.2 (0.58%)

03/08/13
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  • 11

    Apr

FCAU

Fiat Chrysler

$14.58

-0.43 (-2.86%)

14:25
03/22/19
03/22
14:25
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14:25
Options
Fiat Chrysler call volume above normal and directionally bullish »

Bullish option flow…

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

, SNY

Sanofi

$44.34

-1.07 (-2.36%)

14:23
03/22/19
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14:23
Hot Stocks
Lexicon to resume trading at 2:45 pm ET »

Lexicon (LXRX) shares are…

LXRX

Lexicon

$7.51

-0.45 (-5.65%)

SNY

Sanofi

$44.34

-1.07 (-2.36%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Mar

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    Apr

PDLB

PDL Community Bancorp

$13.63

-0.01 (-0.07%)

14:21
03/22/19
03/22
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14:21
Hot Stocks
PDL Community Bancorp to repurchase up to 923,151 common shares »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
03/22/19
03/22
14:17
03/22/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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SNI

Scripps Networks

$0.00

(0.00%)

, LXRX

Lexicon

$7.51

-0.45 (-5.65%)

14:16
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03/22
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14:16
Hot Stocks
Sanofi says FDA issues CRL for Zynquista »

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SNI

Scripps Networks

$0.00

(0.00%)

LXRX

Lexicon

$7.51

-0.45 (-5.65%)

03/08/13
Wedge Partners
03/08/13
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  • 22

    Mar

  • 25

    Apr

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
03/22/19
03/22
14:16
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14:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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AMN

AMN Healthcare

$48.35

-0.895 (-1.82%)

14:15
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03/22
14:15
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14:15
Conference/Events
AMN Healthcare management to meet with Benchmark »

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  • 26

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W

Wayfair

$159.46

-11.73 (-6.85%)

14:15
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Wayfair put volume heavy and directionally bearish »

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14:15
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General news
U.S. Treasury reported a -$234 B budget deficit for February »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

14:13
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Periodicals
Trump to withdraw new North Korea-related sanctions, CNBC says »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.71

-4.92 (-1.73%)

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AMED

Amedisys

$123.24

-2.89 (-2.29%)

14:11
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03/22
14:11
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14:11
Conference/Events
Amedisys management to meet with Wiliam Blair »

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  • 28

    Mar

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  • 02

    Apr

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    Apr

NEM

Newmont Mining

$34.57

0.25 (0.73%)

, GG

Goldcorp

$10.71

-0.46 (-4.12%)

14:10
03/22/19
03/22
14:10
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Periodicals
VanEck wants Newmont to renegotiate terms of Goldcorp deal, WSJ reports »

Joe Foster, who runs one…

NEM

Newmont Mining

$34.57

0.25 (0.73%)

GG

Goldcorp

$10.71

-0.46 (-4.12%)

GOLD

Barrick Gold

$13.48

0.2 (1.51%)

03/08/13
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  • 11

    Apr

14:10
03/22/19
03/22
14:10
03/22/19
14:10
General news
U.S. Treasury budget preview: »

U.S. Treasury budget…

AGO

Assured Guaranty

$45.19

-0.14 (-0.31%)

14:07
03/22/19
03/22
14:07
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14:07
Conference/Events
Assured Guaranty management to meet with MKM Partners »

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  • 28

    Mar

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    Mar

  • 16

    Apr

  • 17

    Apr

14:03
03/22/19
03/22
14:03
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14:03
General news
Treasury Budget data reported »

February Treasury Budget…

QCOM

Qualcomm

$57.16

-0.6 (-1.04%)

14:00
03/22/19
03/22
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Options
Size spread in Qualcomm as shares slip »

Size spread in Qualcomm…

03/08/13
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  • 01

    May

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