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  1. [verwijderd] 22 februari 2016 19:55
    Valeant Pharmaceuticals Intl Inc (VRX)

    Analysts at Wells Fargo finally weighed in on the struggling Valeant Pharmaceuticals last week, and it wasn’t pretty. The brokerage firm issued an “underperform” rating on VRX stock with a $65-$68 price-target range — well below the stock’s current perch near $85. In an accompanying statement, Wells Fargo said, “Our concerns stem from a number of factors, including opaqueness related to accounting issues, what we see as balance sheet risks.”

    With VRX seeing its biggest drop since late December, it’s no wonder that puts were the investment vehicle of choice for the shares. Total volume rose to more than 330,ooo contracts, while puts snapped up 66% of the take.

    With VRX hovering just below $85, the shares are trading well below all major call OI strikes in the February series, though peak put OI of 4,966 contracts lies well below the stock at the $75 strike.
429 Posts
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