Traders Purchase Large Volume of Calumet Specialty Products Partners Call Options (NASDAQ:CLMT)

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 35,552 call options on the stock. This represents an increase of approximately 330% compared to the average volume of 8,270 call options.

Insider Transactions at Calumet Specialty Products Partners

In other news, Director Jennifer Straumins sold 37,861 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total value of $810,982.62. Following the transaction, the director now owns 1,184,589 shares in the company, valued at approximately $25,373,896.38. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HC Wainwright reissued a "buy" rating and issued a $33.00 price target on shares of Calumet Specialty Products Partners in a report on Wednesday. UBS Group cut Calumet Specialty Products Partners from a "neutral" rating to a "sell" rating and cut their target price for the stock from $20.50 to $15.00 in a research note on Tuesday, February 4th. TD Cowen lowered their price target on Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Wells Fargo & Company lifted their price objective on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded Calumet Specialty Products Partners to a "sell" rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Calumet Specialty Products Partners presently has an average rating of "Hold" and an average price target of $23.60.

Calumet Specialty Products Partners Trading Down 5.7 %

Calumet Specialty Products Partners stock traded down $0.98 during trading hours on Thursday, hitting $16.43. 1,682,566 shares of the stock traded hands, compared to its average volume of 1,490,537. Calumet Specialty Products Partners has a one year low of $9.97 and a one year high of $25.29. The company has a market cap of $1.41 billion, a PE ratio of -5.96 and a beta of 1.88. The firm's 50-day moving average price is $19.48 and its two-hundred day moving average price is $18.99.

About Calumet Specialty Products Partners

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.