Goldman Deal Fails to Stop Sunedison Inc's (SUNE) Bleeding

Sunedison Inc (SUNE) is struggling, despite its recently announced tie-up with Goldman Sachs Group Inc (GS)

Aug 18, 2015 at 1:55 PM
facebook X logo linkedin

During the last 24 hours, Sunedison Inc (NYSE:SUNE) has been all over the news. Last night, the solar company announced it will form a $1 billion clean-power investment vehicle with Goldman Sachs Group Inc (NYSE:GS). This morning, as well, SUNE said it is upping the size of its preferred stock offering to 650,000 shares from 500,000.

Suffice it to say, the headlines are failing to help the security on the charts. At last check, SUNE was down 3.3% at $14.20, after earlier running into its 10-day moving average. In fact, so far this year, the shares have plunged more than 27% -- and recently strung together a dismal five-day stretch.

On the Street, sentiment is mixed. On the one hand, analysts are pretty upbeat, with five of seven doling out "buy" or better endorsements -- with not a single "sell" to be found. On the other, over one-quarter of SUNE's float is sold short, representing almost a week's worth of trading, at typical volumes.

Meanwhile, bearish betting has been trending higher at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) in recent months. Sunedison Inc's (NYSE:SUNE) 50-day put/call volume ratio of 0.67 is lingering near levels not seen since February, and registers in the top one-third of all comparable readings from the past year.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI