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On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high put options activity in Arconic Inc (NYSE: ARNC) and Vale SA (ADR) (NYSE: VALE).
These stocks are trading sharply lower, but traders are aggressively selling put options. They are selling 26-strike puts in Arconic and 9-strike puts in Vale.
Najarian added that put selling can be noticed across many sectors and he sees it as a bullish sign. He explained that it seems that traders are using the sell off to increase their existing positions. He followed the trade and sold puts in Arconic and Vale.
investment consultant: Enphase Energy, Inc.(ENPH)
- [By Ben Levisohn]
UPDATE: I stand corrected. There does appear to be a reason for First Solar’s market-leading move today. Axiom Capital’s Gordon Johnson attributes the rise to the $10 million investment in Enphase Energy (ENPH), which makes “microinverter systems for the solar photovoltaic industry,” by investors T.J. Rodgers and John Doerr.
investment consultant: Durect Corporation(DRRX)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
investment consultant: AxoGen, Inc.(AXGN)
- [By Lisa Levin]
AxoGen, Inc. (NASDAQ: AXGN) was down, falling around 10 percent to $22.42. AxoGen reported a proposed public offering of common stock.
investment consultant: The Blackstone Group L.P.(BX)
- [By WWW.MONEYSHOW.COM]
Of the ten PE companies that I follow, Blackstone Group LP (BX) is by far and away the largest publicly traded private equity partnership with a $35 billion market cap, but also the best positioned to benefit from all the catalysts noted within.
- [By WWW.THESTREET.COM]
Private equity giant Blackstone (BX) on Saturday announced that Saudi Arabia would invest $20 billion in a new $40 billion infrastructure fund for projects mainly in the United States. On Sunday, Boeing (BA) said it had signed several defense and commercial deals with Saudi Arabia. Trump was referenced in both deal announcements.
- [By Matthew DiLallo]
Sanchez Energy’s stock has continued to run higher in 2017 and is up nearly 50% since the start of the year. Fueling that surge is the announcement that the company found an exceptional place to put its liquidity to work. In mid-January, the company unveiled a strategic partnership with a private equity giant, Blackstone Group (NYSE:BX), to acquire Anadarko Petroleum’s (NYSE:APC) Eagle Ford shale assets for $2.3 billion. Under the terms of the deal, Sanchez and Blackstone entered a 50-50 partnership to own the Anadarko assets, which consist of 155,000 net acres that currently produce 67,000 BOE/D and hold more than 4,000 drilling locations that are economic at current prices. Sanchez will finance its share of the deal with cash on hand, a new bank lending arrangement, and a preferred equity issuance to Blackstone’s credit arm.
- [By Money Morning Staff Reports]
At least if private-equity leviathan Blackstone Group LP (NYSE: BX) CEO Tony James has anything to say about it.
You see, James has a working theory about what to do with the U.S. retirement system that currently charges participants large 401(k) and 403(b) asset and consulting percentage fees…
- [By WWW.THESTREET.COM]
SeaWorld Entertainment (SEAS) is probably the most famous example of a company that’s suffered from animal cruelty allegations. Shares of the theme park operator, backed by Blackstone (BX) , have never recovered from the release of the 2013 documentary Blackfish, which argued that orca captivity is inhumane and dangerous to the human trainers of the orcas. SeaWorld announced in March that it would phase out its orca captivity, breeding and live shows. The company’s remaining whales, most of which were born in captivity, will live out their lives at the parks. The news sent SeaWorld shares soaring 9%, but continued attendance drops forced the company to slash its dividend and invest $175 million in new attractions.
investment consultant: Hostess Brands, Inc. (TWNK)
- [By Paul Ausick]
There was an IPO of sorts last week when Gores Holdings II raised $375 million with an offer of 37.5 million units at $10 per unit. The shares are listed on the Nasdaq under the ticker symbol GSHTU. Gores Holdings I acquired Hostess Brands last year and completed an IPO in December for Hostess Brands Inc. (NASDAQ: TWNK).