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Fly News Breaks for May 21, 2019
May 21, 2019 | 08:12 EDT
Baird analyst Ben Kallo lowered his price target for Tesla to $340 from $400, saying demand concerns, credibility questions, and messaging/communication have weighed on shares in recent weeks, and thinks it could take several weeks or months for the narrative to shift. Kallo maintained an Outperform rating, saying he continues to believe Tesla is positioned to outperform over the long run, as the company increases profitability, generates free cash flow, and ramps production of innovative products.
News For TSLA From the Last 2 Days
Jun 17, 2019 | 10:30 EDT
$9M premium seller in Tesla tied to delta hedge. Trader on the Amex sells 6750 July 250 calls for $5.05 and sells 5400 Aug 250 calls for $10.80, tied to a buy of 325K shares at $224.0946. Option sales could be closing, in fact the Aug 250 call block may unwind the buy of 9999 for $2.74 noted here on June 4th when shares were under $180. If so the buyer decided to hit the brakes after a speedy 290% two-week gain.