Verigy (VRGY), a Singapore-based semiconductor company, is down $1.14 to $10.11 after lowering earnings guidance and announcing plas to offer $110 mln in convertible notes. Shares are down, volume and volatility are up. Total options volume is running 23X the usual, with buyers of July 10 puts leading the flow. Implied volatility moving up to 61, from about 57 the day before.
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Verigy Ltd (VRGY) $10.09 -10.31%
Posted on July 9th, 2009 10:34 am
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