The Associated Press
Atmos shares gave up 73 cents, or 2.5 percent, to $28.51 in after-hours trading following the release of its earnings report. In the regular session, ...
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Terra Industries Inc. (NYSE: TRA) is seeing a lot of options action today with 17,164 calls trading as of 2:00 PM EST, and 45% offer side buying with shares at $35.65. Interestingly enough, a trader bought 5,000 November $40 calls at 35 cents on a 25-40 spread, a bullish bias. Another large buyer of December $39 calls came in around 1:20pm for 5,000 calls at the offer. Implied volatility is gaining 7% today to 60% as holders are urged to reject CF Industries’ (NYSE: CF) latest takeover offer. The current offer would give a value around $40 for Terra shares. This is occurring as CF is busy rejecting Agrium’s (NYSE: AGU) raised takeover offer. It appears the with this trading today we may get some clarity soon on the M&A saga, a possibly a bid Terra can not resist.
-Joe Kunkle, OptionsHawk.com
Entertainment Properties Trust (NYSE: EPR) is getting hit after the company announced last night that plans to file a supplement to its shelf registration statement with the SEC for a public offering of 4,500,000 of common stock. J.P. Morgan and RBC Capital Markets Corporation are the joint book running managers, with Citigroup, Barclays, KeyBanc Capital Markets, and FBR Capital Markets as co-managers. We have not yet seen a pricing but this is supposed to be priced this morning and we have seen only 30,000 shares trade this morning but at a drop of 5.4% at $31.83. The 52-week range is $11.88 to $36.10.
JON OGG
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) managed to turn a profit as earnings were $17.3 million, or $0.10 EPS, compared to a loss a year ago of some $18 million or -$0.36 EPS. Revenue was $193.3 million, but Thomson Reuters estimates were $0.03 EPS on $136.23 million in revenues. This quarter was also JA Solar’s highest ever quarterly shipments. Shares in JA Solar rose nearly 7 percent in pre-market trade to $4.40 per share. Shares are up 7.5% at $4.43 on over 800,000 shares at 8:54 AM EST. Average volume is 5.6 million shares and the 52-week trading range is $1.55 to $6.29.
JON OGG