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Countrywide CFC (news,
chart,
quote) - CFC April volatility of 75 suggests Risk will still be High in
CFC, a U.S. home mortgage lender, closed at $19.81. Credit Suisse lowered its price target to $28 from $40 according to Dow Jones. BAC made a $2 billion strategic preferred investment in CFC on 8/22. CFC September option implied volatility is at 84; April is at 75, above its 26-week average of 60 according to Track Data, suggesting continued elevated risk in the spring of 2008.
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