Stock Track | Calumet Specialty Products Plummets 16.79% on Bearish Options Flow and Analyst Downgrade

Stock Track

Jan 22, 2025

Calumet Specialty Products Partners LP (CLMT) faced a significant sell-off on Tuesday, with its stock plummeting 16.79% amid heavy bearish options trading activity and an analyst price target downgrade.

The options market saw a surge in bearish bets against CLMT, with put options trading at 7 times the expected level. The most actively traded contracts were the February 2025 $16 and $12 put options, suggesting traders were positioning for further downside in the stock.

Additionally, UBS lowered its price target on CLMT from $24 to $20.50, while maintaining a Neutral rating on the stock. Despite the overall "Overweight" rating from analysts tracked by FactSet, with an average price target of $26.80, the downgrade likely added to the selling pressure on the stock.

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The most actively traded contracts were the February 2025 $16 and $12 put options, suggesting traders were positioning for further downside in the stock.</p>\n\n<p>Additionally, UBS lowered its price target on CLMT from $24 to $20.50, while maintaining a Neutral rating on the stock. Despite the overall \"Overweight\" rating from analysts tracked by FactSet, with an average price target of $26.80, the downgrade likely added to the selling pressure on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLMT","symbol_name":"卡路美","start_time":0,"source_url":"","article_id":"1133968270","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133968270","pubTimestamp":1737479303,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Calumet Specialty Products Partners LP  faced a significant sell-off on Tuesday, with its stock plummeting 16.79% amid heavy bearish options trading activity and an analyst price target downgrade.The options market saw a surge in bearish bets against CLMT, with put options trading at 7 times the expected level. 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