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LCI

Lannett

$5.56

-1.29 (-18.83%)

14:15
05/13/19
05/13
14:15
05/13/19
14:15

Lannett put volume heavy and directionally bearish

Bearish flow noted in Lannett with 4,093 puts trading, or 1.8x expected. Most active are Jun-19 7.5 puts and Jun-19 2.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 18 points on the day. Earnings are expected on August 27th.

LCI Lannett
$5.56

-1.29 (-18.83%)

08/20/18
08/20/18
DOWNGRADE

Market Perform
Lannett downgraded to Market Perform as JSP walks away from renewal at Raymond James
As previously reported, Raymond James analyst Elliot Wilbur downgraded Lannett to Market Perform from Outperform after Jerome Stevens terminated its strategic distribution agreement with the company, a deal that provided Lannett with several key products but mainly levothyroxine, which is expected to account for 35% of FY18 sales and 44% of gross profit. From a monetary perspective, the analyst believes it makes "zero sense" why JSP would walk away from the deal, inflicting significant damage on its own holdings of Lannett shares. This suggests either JSP has no confidence in the recovery value of its holdings from current levels or has sold down or hedged a substantial portion of its holdings despite prior representations from Lannett management to the contrary, Wilbur contends.
08/20/18
BMOC
08/20/18
NO CHANGE
BMOC
Market Perform
Lannett price target lowered to $8 from $19 at BMO Capital
BMO Capital analyst Gary Nachman said JSP's decision to not renew its agreement with Lannett (LCI) and go with Amneal Pharmaceuticals (AMRX) is an "unfortunate development" that impacts three products, including Levothyroxine, which accounts for about 35-40% of Lannett revenue and is "very profitable." He lowered his estimates "significantly" due to this "major setback" and cut his price target on Lannett shares to $8 from $19 while maintaining a Market Perform rating on the shares.
03/19/19
RHCO
03/19/19
INITIATION
Target $9
RHCO
Hold
Lannett initiated with a Hold at SunTrust
SunTrust analyst Gregg Gilbert started Lannett with a Hold rating and $9 price target. The analyst says that while the stock's most important overhang has been removed with the loss of levothyroxine, he sees the risk/reward as relatively balanced at current share levels.
05/13/19
WELS
05/13/19
NO CHANGE
WELS
Lawsuit against Teva, others to hit generic drug stocks, says Wells Fargo
Wells Fargo analyst David Maris believes the lawsuit by 44 states against 20 generic drugmakers will weigh on generic drug stocks this week and remain an "overhang issue for some time." Actual penalties and damages are impossible to calculate, but could be material, Maris tells investors in a research note. The analyst spoke to the Connecticut attorney general's office this morning and learned they are preparing for trial in these cases. Language the attorney general has used, such as "unprecedented" and his desire to clawback all gains from collusion, should be indicative of the states' intent, Maris writes. He believes that for a sector that is generally highly levered, and with some companies named already facing an overhang from opioid litigation like Teva (TEVA), this is "especially unwelcome news."

TODAY'S FREE FLY STORIES

HTBK

Heritage Commerce

$11.52

-0.08 (-0.69%)

16:54
08/20/19
08/20
16:54
08/20/19
16:54
Hot Stocks
Heritage Commerce receives regulatory approval for merger »

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  • 27

    Aug

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:53
08/20/19
08/20
16:53
08/20/19
16:53
Earnings
Amcor sees FY20 adjusted constant currency EPS growth of approximately 5%-10% »

For the 2020 fiscal year,…

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  • 20

    Aug

S

Sprint

$6.80

-0.155 (-2.23%)

16:50
08/20/19
08/20
16:50
08/20/19
16:50
Options
Sprint put spread is largest block on lightest volume day of the month »

Sprint put spread is…

03/08/13
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03/08/13
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  • 23

    Sep

CAH

Cardinal Health

$43.74

0.26 (0.60%)

16:49
08/20/19
08/20
16:49
08/20/19
16:49
Syndicate
Breaking Syndicate news story on Cardinal Health »

Cardinal Health files…

03/08/13
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  • 09

    Sep

DIS

Disney

$135.08

-0.25 (-0.18%)

, SNE

Sony

$55.69

-0.02 (-0.04%)

16:46
08/20/19
08/20
16:46
08/20/19
16:46
Periodicals
Disney-Sony dispute ends Feige's involvement with 'Spider-Man,' Deadline says »

Marvel Studios president…

DIS

Disney

$135.08

-0.25 (-0.18%)

SNE

Sony

$55.69

-0.02 (-0.04%)

03/08/13
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03/06/13
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AIG

AIG

$53.38

-1.42 (-2.59%)

16:44
08/20/19
08/20
16:44
08/20/19
16:44
Hot Stocks
AIG names Sabra Purtill as Deputy CFO, Head of Treasury »

American International…

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  • 04

    Sep

  • 18

    Sep

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:41
08/20/19
08/20
16:41
08/20/19
16:41
Hot Stocks
Amcor declares quarterly dividend of 12c per share »

The Amcor Board of…

03/08/13
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  • 20

    Aug

KLAC

KLA-Tencor

$140.38

-0.06 (-0.04%)

16:41
08/20/19
08/20
16:41
08/20/19
16:41
Hot Stocks
KLA-Tencor officer Amichai Steimberg sells over $1.2M in company shares »

KLA-Tencor officer…

03/08/13
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03/08/13
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03/06/13
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  • 17

    Sep

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:39
08/20/19
08/20
16:39
08/20/19
16:39
Hot Stocks
Amcor approves $500M share buyback »

Amcor CEO Ron Delia said:…

03/08/13
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  • 20

    Aug

16:38
08/20/19
08/20
16:38
08/20/19
16:38
General News
API crude inventories for week of August 16 »

API reports that crude…

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

16:36
08/20/19
08/20
16:36
08/20/19
16:36
Earnings
Jack Henry & Associates reports Q4 EPS 79c, consensus 77c »

Reports Q4 revenue…

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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  • 21

    Aug

  • 11

    Sep

  • 12

    Sep

CECO

Career Education

$21.94

-0.05 (-0.23%)

16:35
08/20/19
08/20
16:35
08/20/19
16:35
Hot Stocks
Career Education VP Michele Peppers sells over $221K in company shares »

Career Education VP…

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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  • 05

    Sep

  • 25

    Sep

  • 26

    Sep

ALC

Alcon

$62.45

0.66 (1.07%)

16:35
08/20/19
08/20
16:35
08/20/19
16:35
Earnings
Breaking Earnings news story on Alcon »

Alcon sees FY19 revenue…

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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  • 21

    Aug

  • 04

    Sep

  • 09

    Sep

NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:34
08/20/19
08/20
16:34
08/20/19
16:34
Hot Stocks
Nordson expects flat to modest organic sales growth in FY19 »

Expects an unfavorable…

03/08/13
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  • 21

    Aug

HD

Home Depot

$217.14

9.165 (4.41%)

, KSS

Kohl's

$44.87

-3.33 (-6.91%)

16:34
08/20/19
08/20
16:34
08/20/19
16:34
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

The S&P 500 halted a…

HD

Home Depot

$217.14

9.165 (4.41%)

KSS

Kohl's

$44.87

-3.33 (-6.91%)

TJX

TJX

$51.55

(0.00%)

ELAN

Elanco

$27.25

-2.57 (-8.62%)

BAYRY

Bayer

$0.00

(0.00%)

SABR

Sabre

$23.73

-0.2 (-0.84%)

FB

Facebook

$183.76

-2.46 (-1.32%)

ENDP

Endo

$3.02

0.47 (18.43%)

MDT

Medtronic

$106.91

2.76 (2.65%)

SRPT

Sarepta

$101.90

-18.26 (-15.20%)

FN

Fabrinet

$46.40

-10 (-17.73%)

03/08/13
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03/08/13
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03/06/13
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  • 20

    Aug

  • 20

    Aug

  • 20

    Aug

  • 20

    Aug

  • 20

    Aug

  • 21

    Aug

  • 22

    Aug

  • 04

    Sep

  • 09

    Sep

  • 11

    Sep

  • 15

    Sep

  • 23

    Sep

  • 24

    Sep

  • 25

    Sep

  • 27

    Oct

NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Hot Stocks
Breaking Hot Stocks news story on Nordson »

Nordson reports FY19…

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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Toll Brothers sees FY19 deliveries 7,800-8,100 units »

The company expects FY…

03/08/13
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  • 21

    Aug

ALC

Alcon

$62.45

0.66 (1.07%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Alcon reports Q2 core EPS 47c, consensus 48c »

Reports Q2 revenue…

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  • 21

    Aug

  • 04

    Sep

  • 09

    Sep

ORLY

O'Reilly Automotive

$383.21

-2.42 (-0.63%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Hot Stocks
O'Reilly Automotive to acquire Mayasa Auto Parts, terms not disclosed »

O'Reilly Automotive…

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Nordson reports Q3 GAAP EPS $1.62, consensus $1.81 »

Reports Q3 revenue $560M,…

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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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:32
08/20/19
08/20
16:32
08/20/19
16:32
Earnings
Toll Brothers reports Q3 EPS $1.00, consensus 82c »

Reports Q3 revenue…

03/08/13
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  • 21

    Aug

16:30
08/20/19
08/20
16:30
08/20/19
16:30
Options
Preliminary option volume of 15.2M today »

Preliminary option volume…

SCSG

SouthCrest Financial Group

$0.00

(0.00%)

16:28
08/20/19
08/20
16:28
08/20/19
16:28
Hot Stocks
SouthCrest Financial Group announces $5M share repurchase pact »

SouthCrest Financial…

03/08/13
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BP

BP

$36.44

-0.42 (-1.14%)

16:25
08/20/19
08/20
16:25
08/20/19
16:25
Initiation
BP initiated  »

BP initiated with an…

03/08/13
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03/06/13
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03/06/13
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  • 27

    Aug

  • 25

    Sep

ABBV

AbbVie

$66.38

-0.17 (-0.26%)

16:23
08/20/19
08/20
16:23
08/20/19
16:23
Hot Stocks
AbbVie VP Jeffrey Stewart buys over $1M in company shares »

AbbVie VP Jeffrey Stewart…

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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  • 09

    Sep

  • 16

    Sep

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