 |
J Crew JCG (news,
chart,
quote) - JCG volatility at 58 into lower guidance
JCG is recently trading at $38 in pre-open trading, below its close of $46.91. JCG sees Q2 EPS of 31c-33c verses consensus of 40c. Smith Barney say's "Downgrade to Sell; Expect multiple compression on slowing sales." JCG June option implied volatility of 58 was above its 26-week average of 54 according to Track Data, suggesting larger price risk.
|
|
|
|
