| Over a week ago | ||||
Bullish option flow… Bullish option flow detected in Coty with 5,365 calls trading, 6x expected, and implied vol increasing over 3 points to 38.17%. 2/7 weekly 12 calls and 2/7 weekly 12.5 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.29. Earnings are expected on May 6th. | ||||
KKR (KKR) has tapped… KKR (KKR) has tapped bankers to help it launch an $8B bid for a Coty-owned (COTY) portfolio of haircare brands including Clairol, GHD, and Wella, Sky News' Mark Kleinman reports. The company has hired JPMorgan to work on an offer for the brands ahead of a sale later this year, Kleinman says. Reference Link | ||||
Stocks rose for a third… | ||||
Stocks are rising for a… | ||||
Coty is up 17.4%, or… Coty is up 17.4%, or $1.85 to $12.49. | ||||
Unusual total active… Unusual total active option classes on open include: Coty (COTY), Spotify (SPOT), Dropbox (DBX), Merck (MRK), Broadcom (AVGO), Freeport McMoRan (FCX), Bausch Health (BHC), UnitedHealth (UNH), IBM (IBM), and EBay (EBAY). | |
Backs FY20 net revenues… Backs FY20 net revenues stable to slightly lower LFL, consensus $8.22B. Sees moderate improvement in free cash flow. | |
Reports Q2 revenue… Reports Q2 revenue $2.345B, consensus $2.34B. |
| Over a month ago | ||||
Meetings to be held in… Meetings to be held in Toronto on January 16 and in Chicago on January 17 hosted by RBC Capital. | ||||
Meetings to be held in… Meetings to be held in Toronto on January 16 and in Chicago on January 17 hosted by RBC Capital. | ||||