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CIT Group CIT (news,
chart,
quote) - CIT volatility at 85 into Moody's lowered rating
CIT closed at $10.93. Moody's Investors Services lowered CIT's senior unsecured rating to Baa1 from A3. CIT June option implied volatility of 85 is near its 26-week average according to Track Data, suggesting non-directional price movement.
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