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CC

Chemours

$23.77

1.35 (6.02%)

14:30
05/21/19
05/21
14:30
05/21/19
14:30

5K Chemours Oct 16 - 20 put spreads bought for 92c as shares rally

5K Chemours Oct 16 - 20 put spreads bought for 92c as shares rally. The stock up 6.1% to $23.78 and the vertical spread expresses concerns that shares might fall 33% to $16 or less through 10/18/19, which captures one earnings report in August. The interest comes the day after shares notched 52-week lows of $22.41.

CC Chemours
$23.77

1.35 (6.02%)

05/15/19
RHCO
05/15/19
NO CHANGE
RHCO
Buy
PFAS liability worries for Chemours seem 'premature,' says SunTrust
SunTrust analyst James Sheehan said he mainly attributes the 29% decline in Chemours shares since May 3 to worries about the impact of rising tariffs on titanium dioxide, or TiO2. However, he also notes that at the Ira Sohn conference on May 6 a bearish investor made the "sensational claim" that the company faces "$4-$6B" of potential liabilities from per- and polyfluoroalkyls, or PFAS. After speaking with management, Sheehan noted that they said PFAS is a term that combines several distinct products, some of which Chemours has no exposure to. The company utilizes a PFAS product called GenX, said it sees limited related litigation risk and that it believes it is adequately reserved for any potential liabilities, according to Sheehan. Given the lack of specific legal claims against Chemours regarding PFAS, as well as the company's "proactive stance" on going above the existing regulations in eliminating GenX emissions, Sheehan said he believes concerns about PFAS-related liabilities are "premature." He keeps a Buy rating on Chemours with a price target of $52.
05/06/19
RBCM
05/06/19
NO CHANGE
Target $43
RBCM
Outperform
Chemours price target lowered to $43 from $50 at RBC Capital
RBC Capital analyst Arun Viswanathan lowered his price target on Chemours to $43 after its Q1 earnings miss and "slightly bearish" management outlook for Q2. The analyst also warns that the performance in the Fluoroproducts segment could be similar in Q2 as in Q1 despite the management's forecast of improvement given the softer base refrigerant demand in North America. Viswanathan keeps his Outperform rating however and believes that titanium dioxide volumes could improve in the back half of 2019 as destocking activity runs its course.
05/06/19
JPMS
05/06/19
DOWNGRADE
Target $34
JPMS
Neutral
JPMorgan downgrades Chemours to Neutral, prefers shares of Tronox
JPMorgan analyst Jeffrey Zekauskas downgraded Chemours (CC) to Neutral from Overweight and lowered his price target for the shares to $34 from $40. The company's Q1 volumes decreased 35% year-over-year, which might be expected in a recession "but it is not any kind of normal result in a growing economy," Zekauskas tells investors in a research note. The analyst decreased his EBITDA expectations, which brought his price target to $34, near the current Chemours share price. He prefers shares of Tronox (TROX) to Chemours.
05/06/19
JPMS
05/06/19
DOWNGRADE
Target $34
JPMS
Neutral
Chemours downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jeffrey Zekauskas downgraded Chemours to Neutral from Overweight and lowered his price target for the shares to $34 from $40.

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STNG

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$26.23

0.18 (0.69%)

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AG

First Majestic

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CHRS

Coherus Biosciences

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-0.51 (-2.35%)

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MDEVF

Melco International

$0.00

(0.00%)

, MLCO

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$21.41

-0.21 (-0.97%)

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WMB

Williams

$27.24

-0.45 (-1.63%)

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Williams put volume heavy and directionally bearish »

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TLSA

Tiziana Therapeutics

$8.50

(0.00%)

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NTES

NetEase

$262.82

0.42 (0.16%)

13:25
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Options
NetEase call volume above normal and directionally bullish »

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AAPL

Apple

$199.18

0.41 (0.21%)

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Periodicals
Apple rolls out fifth iOS 12.4 beta ahead of Apple Card launch, 9to5Mac says »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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NASDAQ market internals summary »

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AFMD

Affimed N.V.

$2.97

-0.45 (-13.16%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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NSIT

Insight Enterprises

$56.89

0.7 (1.25%)

, PCMI

PCM, Inc.

$34.67

10.315 (42.36%)

13:13
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Recommendations
Insight Enterprises, PCM, Inc. analyst commentary at Stifel »

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NSIT

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PCMI

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  • 24

    Jun

NBL

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$21.32

-0.24 (-1.11%)

, OXY

Occidental Petroleum

$50.09

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Periodicals
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DVN

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APA

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CHK

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$1.89

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  • 02

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D

Dominion

$79.35

1.01 (1.29%)

13:05
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Options
Dominion call volume above normal and directionally bullish »

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ARDS

Aridis Pharmaceuticals

$9.65

-0.55 (-5.39%)

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ELF

e.l.f. Beauty

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$13.09

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On The Fly
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MCRB

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$2.99

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, PSEC

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BCOM

B Communications Ltd.

$1.90

0.05 (2.70%)

12:59
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B Communications Ltd. says board approves Searchlight transaction »

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ANTM

Anthem

$288.53

-5 (-1.70%)

12:55
06/24/19
06/24
12:55
06/24/19
12:55
Options
Anthem put volume heavy and directionally bearish »

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  • 25

    Jun

MNK

Mallinckrodt

$8.57

-0.39 (-4.35%)

12:40
06/24/19
06/24
12:40
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12:40
Options
Mallinckrodt call block opens $5M long-dated position 110% above spot »

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  • 25

    Jun

BZUN

Baozun

$48.07

-1.33 (-2.69%)

12:35
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Options
Baozun put volume heavy and directionally bearish »

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