Dow Chemical Co Just Recorded A Sigfniciant Bearish Options Activity

 Dow Chemical Co Just Recorded A Sigfniciant Bearish Options Activity

In today’s session Dow Chemical Co (DOW) recorded an unusually high (675) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious DOW decrease. With 675 contracts traded and 10414 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: DOW161216P00055000 closed last at: $2.79 or 13.9% up. About 1.30 million shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 4.71% since April 5, 2016 and is uptrending. It has outperformed by 2.75% the S&P500.

Dow Chemical Co (NYSE:DOW) Ratings Coverage

Out of 13 analysts covering The Dow Chemical Company (NYSE:DOW), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. $68 is the highest target while $45 is the lowest. The $57.58 average target is 7.31% above today’s ($53.66) stock price. The Dow Chemical Company has been the topic of 34 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, December 15 by UBS. UBS upgraded Dow Chemical Co (NYSE:DOW) on Monday, October 10 to “Buy” rating. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. Zacks downgraded the stock to “Buy” rating in Friday, August 14 report. Barclays Capital maintained Dow Chemical Co (NYSE:DOW) rating on Monday, May 2. Barclays Capital has “Equal Weight” rating and $55 price target. Piper Jaffray maintained the stock with “Hold” rating in Friday, September 4 report. The stock of Dow Chemical Co (NYSE:DOW) earned “Underperform” rating by CLSA on Wednesday, July 6. The stock has “Hold” rating given by S&P Research on Friday, October 23. The rating was initiated by Barclays Capital with “Equal-Weight” on Wednesday, November 4. RBC Capital Markets maintained Dow Chemical Co (NYSE:DOW) on Friday, October 28 with “Top Pick” rating.

According to Zacks Investment Research, “Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow seeks to balance economic, environmental and social responsibilities. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.09, from 1.25 in 2016Q1. The ratio dived, as 60 funds sold all Dow Chemical Co shares owned while 354 reduced positions. 70 funds bought stakes while 410 increased positions. They now own 734.11 million shares or 6.94% less from 788.82 million shares in 2016Q1.
Gargoyle Invest Advisor Limited Liability Company holds 0.94% or 50,409 shares in its portfolio. The New York-based Canandaigua Retail Bank Trust Company has invested 0.48% in Dow Chemical Co (NYSE:DOW). Dana Invest Advsrs, a Wisconsin-based fund reported 45,945 shares. Lba Wealth Mgmt Ltd Liability, a Florida-based fund reported 856 shares. First Tru holds 47,745 shares or 0.36% of its portfolio. Hourglass Cap Ltd has 1.09% invested in the company for 88,740 shares. Elkhorn Prns Partnership holds 0.88% of its portfolio in Dow Chemical Co (NYSE:DOW) for 27,100 shares. Hanson And Doremus Invest Management last reported 0.16% of its portfolio in the stock. Commonwealth Equity Services has 357,280 shares for 0.15% of their US portfolio. Legg Mason Asset Mgmt (Japan), a Japan-based fund reported 13,140 shares. Blb&B Limited Company last reported 0.09% of its portfolio in the stock. Northern Corp accumulated 0.22% or 13.46 million shares. The New Jersey-based Supplemental Annuity Collective Of Nj has invested 0.5% in Dow Chemical Co (NYSE:DOW). Cape Cod Five Cents Fincl Bank, a Massachusetts-based fund reported 8,671 shares. Verition Fund Management Ltd Limited Liability Company accumulated 5,115 shares or 0.03% of the stock.

The Dow Chemical Company is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The company has a market cap of $60.14 billion.

DOW Company Profile

The Dow Chemical Company (Dow), incorporated June 11, 1947, is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Firm serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, gas and oil, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.

More recent Dow Chemical Co (NYSE:DOW) news were published by: Reuters.com which released: “BRIEF-The Dow Chemical Company to be delisted from TSE on Dec. 8” on November 07, 2016. Also Fool.com published the news titled: “Dow Chemical Q3 Earnings Beat Expectations Amid Merger Delays” on October 31, 2016. Marketwatch.com‘s news article titled: “Dow Chemical reports profit, revenue above Wall Street expectations” with publication date: October 27, 2016 was also an interesting one.

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