bearish
Is Ganfeng Bearish Pilbara Minerals?
SUMMARY
- An $271 million block trade of Pilbara minerals occurred, representing nearly 3% interest in the stock of the lithium miner
- The trade was part of a secondary share sale stemming from an equity collar transaction for China's Ganfeng, which owns 5.7% of Pilbara
- Equity collars are a trading strategy using options to protect downside, with the block trade price at a 4% discount to the last close
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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