|Bid||24.32 x 0|
|Ask||24.72 x 0|
|Day's Range||23.94 - 23.94|
|52 Week Range||18.84 - 24.65|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||17.20|
|Forward Dividend & Yield||0.45 (1.88%)|
|1y Target Est||N/A|
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in VF Corp (NYSE: VFC). Najarian said that the stock looks like it wants to break out on the upside and he decided to jump in the trade. Jon Najarian bought the Jan. $27 calls in Vistra Energy Corp (NYSE: VST) after he saw unusually high volume in the strike.
Vistra Energy Corp. said Wednesday it is planning to retire four power plants in Illinois at the cost of about 300 jobs. Irving, Texas-based Vistra said the decision was made to meet the requirements of the approved revisiosn to the Multi-Pollutant Standard rule imposed by the Illinois Pollution Control Board (IPCB). "Without this rule change, the company's entire downstate fleet was at risk of near imminent retirement," the company said in a statement. The affected four coal-fueled power plants are the Coffeen Power Plant, Duck Creek Power Plant (in Canton), Havana Power Plant, and Hennepin Power Plant. The comopany will focus on its remaining business, while making the shift to a sustainable business including newer, greener technologies. "Vistra is hopeful that the Illinois General Assembly will take up the Coal to Solar and Energy Storage Act during its fall Veto Session," said the statement. Vistra shares were not yet active premarket, but have gained 4% in 2019, while the S&P 500 has gained 16%.
Californian electricity and gas supplier PG&E filed for bankruptcy protection in January, in anticipation of significant expected liabilities from wildfires in the state. The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies. Because PG&E can reject contracts in bankruptcy, energy developer esVolta LP said in papers filed with the U.S. Bankruptcy Court in San Francisco on Wednesday that it feared it would not be able to line up financing for its 75 megawatt Hummingbird battery storage project.