Clear Channel (CCU) is seeing some buying interest on chatter of possible deal financing agreement, per Briefing. Stock hit a low of $27.64, then rallied to a high of $29.14 after the chatter made the rounds. CCU is now unchanged near $28.50 a share. In the options market, 45,000 CCU calls have traded, compared to 13,000 puts. Sentiment is 45 percent bullish.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.