Weyerhaeuser files automatic mixed securities shelf 17:1106/1006/10/21
|Over a week ago|
Weyerhaeuser put volume heavy and directionally bearish » 14:3506/0206/02/21
Bearish flow noted in…
Bearish flow noted in Weyerhaeuser with 3,569 puts trading, or 1.8x expected. Most active are 6/11 weekly 37 puts and Jul-21 33 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 1 point on the day. Earnings are expected on July 30th.
Weyerhaeuser call volume above normal and directionally bullish » 13:2505/1905/19/21
Bullish option flow…
Bullish option flow detected in Weyerhaeuser with 10,314 calls trading, 2x expected, and implied vol increasing over 3 points to 32.70%. Jun-21 40 calls and 5/28 weekly 37.5 puts are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.15. Earnings are expected on July 30th.
|Over a month ago|
Weyerhaeuser put volume heavy and directionally bearish » 10:3505/1205/12/21
Bearish flow noted in…
Bearish flow noted in Weyerhaeuser with 1,970 puts trading, or 4x expected. Most active are 5/14 weekly 40 puts and 5/14 weekly 37 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.44, while ATM IV is up over 1 point on the day. Earnings are expected on July 30th.
Fly Intel: Top five analyst downgrades » 09:5305/0305/03/21
CLX, WY, GPK, VICI, ESS
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Clorox (CLX) double downgraded to Underweight from Overweight at Wells Fargo with analyst Chris Carey saying Clorox offers "dead money at best, with downside." 2. Weyerhaeuser (WY) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying while record lumber markets show no sign of slowing yet, the rest of Weyerhaeuser's business is "generating the flattish sort of results we'd expect from a timber REIT." 3. Graphic Packaging (GPK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Neel Kumar saying while his thesis regarding organic growth upside from plastic to paperboard conversions, improving boxboard pricing and the upcoming potential for materially stronger free cash flow generation has not changed, Kumar sees modest upside given the stock's 41% price appreciation over the last six months. 4. VICI Properties (VICI) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen citing valuation. 5. Essex Property Trust (ESS) downgraded to In Line from Outperform at Evercore ISI with analyst Steve Sakwa saying following last week's earnings reports, he has updated his models across the five Apartment REITs he covers, leading to his downgrade of Essex. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Unusual call flow in option market yesterday » 07:3505/0305/03/21
WY, TRIL, KAR
Notable call activity was…
Notable call activity was cited Friday in Weyerhaeuser (WY), Trillium Therapeutics (TRIL), and KAR Auction Services (KAR).
Stephens downgrades Weyerhaeuser, says shouldn't be mistaken for housing play » 06:3005/0305/03/21
As previously reported,…
As previously reported, Stephens analyst Mark Connelly downgraded Weyerhaeuser to Equal Weight from Overweight with an unchanged price target of $35. While record lumber markets show no sign of slowing yet, the rest of Weyerhaeuser's business is "generating the flattish sort of results we'd expect from a timber REIT," said Connelly, who worries that investors "will mistake it for a housing play." High lumber prices are due to supply-inefficiencies, "not any fundamental shortage relative to demand," argues Connelly.
Weyerhaeuser downgraded to Equal Weight from Overweight at Stephens » 06:0605/0305/03/21
Stephens downgraded Weyerhaeuser to Equal Weight from Overweight.
Unusually active option classes on open April 30th » 09:4004/3004/30/21
WY, TZA, VXRT, AZN, C, APPS, ROKU, XOM, FB
Unusual total active…
Unusual total active option classes on open include: Weyerhaeuser (WY), Direxion Daily Small Cap Bear 3X Shares (TZA), Vaxart (VXRT), AstraZeneca (AZN), Citi (C), Digital Turbine (APPS), Berkshire Hathaway (BRK/B), Roku (ROKU), Exxon Mobil (XOM), and Facebook (FB).
Weyerhaeuser reports Q1 ex-items EPS 48c, consensus 91c » 05:1504/3004/30/21
Reports Q1 revenue…
Reports Q1 revenue $2.06B, consensus $2.52B. "I am extremely pleased with our first quarter results, as our businesses delivered Weyerhaeuser's highest quarterly Adjusted EBITDA on record despite severe winter weather and supply chain disruptions," said Devin Stockfish, president and chief executive officer. "We also surpassed our previous record for Wood Products Adjusted EBITDA by more than 50 percent and announced a strategic acquisition to enhance our Alabama timberland holdings. As 2021 progresses, new residential construction activity is exhibiting remarkable momentum and repair and remodel demand remains very favorable. We remain committed to delivering operational excellence across our unmatched portfolio of assets and enhancing shareholder value through disciplined capital allocation."