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Option Update: Pier 1 Imports volatility elevated into withdrawal of proposal for Cost Plus

 Jun 25, 2008 10:18 AM UTC
Return Risk
+0.00% N/A
Tracked Blogger
Symbol Sentiment Start Return Closed
PIR n/a
CPWM n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Options

Pier 1 Imports (NYSE: PIR) withdrew its proposal to acquire Cost Plus (NASDAQ: CPWM).


Deutsche Bank has a Buy rating with a $7.25 price target on PIR.


PIR overall option implied volatility of 93 is above its 26-week average of 84 according to Track Data, suggesting larger price movement.


Volatility Index NASDAQ 100-VXN at 28.13; 10-day moving average is 26.27.

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