Triton Stock Peaks on $13.3 Billion Take-Private Deal

Overall options volume is running at 37 times the intraday average

Fernanda Horner

Digital Content Manager

Apr 12, 2023 at 10:59 AM

TRTN

Triton International Ltd (NYSE:TRTN) stock is up 32.4% to trade at $83.35 at last check, after news that Brookfield Infrastructure will buy the transport equipment leasing name and take it private for in a roughly $4.7 billion cash-and-stock deal, which is valued at $13.3 billion including debt.

Shares earlier surged to a record high of $83.45, blasting through recent pressure at the $64 region and several long-term moving averages. The security is today eyeing its fifth-straight daily win, as well as its biggest single-day percentage gain on record. In the last nine months, TRTN has added 54.6%.

Overall options volume is running at 37 times the intraday average, with 2,057 calls and 1,191 puts traded so far today. Most popular by far is the April 85 call, with new positions being opened there.

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!