Traders Buy Large Volume of Put Options on Dynegy (DYN)
Dynegy Inc. (NYSE:DYN) saw some unusual options trading activity on Wednesday. Traders acquired 2,551 put options on the company. This represents an increase of 814% compared to the typical daily volume of 279 put options.
Shares of Dynegy (NYSE DYN) opened at $11.31 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47. Dynegy has a 1 year low of $5.84 and a 1 year high of $12.84.
A number of research firms have recently weighed in on DYN. Royal Bank Of Canada restated a “hold” rating and issued a $12.10 price target on shares of Dynegy in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. ValuEngine downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Deutsche Bank upgraded shares of Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research note on Tuesday, October 31st. Finally, Citigroup set a $12.00 price target on shares of Dynegy and gave the company a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Dynegy has an average rating of “Hold” and an average target price of $12.34.
Dynegy Company Profile
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.