AI
Monday, June 03, 2019 6:34:54 PM
$LYB Unusual options activity,Share repurchase, Dividend Hike
Quite an eventful week for NYSE:LYB with some notable changes for investors to stew over. The CFO has announced his retirement, a dividend hike is implemented and a share repurchase programme of up to 10% of the company's shares. The company like all among the sector has really struggled of late to find any positive price action with the global trade issues and the correlation to oil's tumble. The options market however indicates a sizeable positive move in the stock. The stock is trading at a ridiculous 6.8 P/E but wait for the selling to abate and indicators to turn positive
Quite an eventful week for NYSE:LYB with some notable changes for investors to stew over. The CFO has announced his retirement, a dividend hike is implemented and a share repurchase programme of up to 10% of the company's shares. The company like all among the sector has really struggled of late to find any positive price action with the global trade issues and the correlation to oil's tumble. The options market however indicates a sizeable positive move in the stock. The stock is trading at a ridiculous 6.8 P/E but wait for the selling to abate and indicators to turn positive
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