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Pathmark Stores PTMK (news,
chart,
quote) - PTMK option implied volatility Elevated into GAP confirmation
GAP confirmed it is in negotiations to acquire PTMK, a supermarket chain operating 141 stores in New York, New Jersey and Philadelphia. FBRC raised its price target on PTMK to $12.50 from $11.75. PTMK over all option implied volatility of 51 is above its 6-month average of 44 according to Track Data, indicating larger price risk.
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