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Harris HRS (news,
chart,
quote) - HRS volatility Elevated as shares rally on WSJ report of preliminary bids
HRS is recently trading at $65.60 in pre-open trading, above its close of $61.96. The WSJ reported HRS began fielding expressions of interest from potential buyers this week, with preliminary bids in the low $70-per-share range according to people familiar with the matter. HRS June option implied volatility of 42 is above its 26-week average of 36 according to Track Data, suggesting larger price risk.
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