Fly News Breaks for December 20, 2019
Dec 20, 2019 | 09:15 EDT
BMO Capital analyst David Gagliano keeps his Market Perform rating and $14 price target on U.S. Steel after the company announced the idling of its Great Lakes Works facility, guided Q4 earnings well below consensus, and cut its dividend and capex. The analyst notes that the Q4 issues reflect "significant operating challenges" at U.S. Steel, but can also be "somewhat" explained by the lower steel prices.
News For X From the Last 2 Days
Feb 19, 2020 | 10:05 EST
Bullish option flow detected in US Steel with 24,620 calls trading, 4x expected, and implied vol increasing over 3 points to 53.08%. 2/28 weekly 9 calls and Feb-20 9 calls are the most active options, with total volume in those strikes near 17,400 contracts. The Put/Call Ratio is 0.13. Earnings are expected on April 30th.
Feb 18, 2020 | 07:30 EST
Notable put activity was cited Friday in US Steel (X) and Corning (GLW).