Urban Outfitters (URBN) $32.35 +0.43%
Urban Outfitters (URBN) hit a low of $31.45 early, but was recently trading up 15 cents to $32.37. Meanwhile, 3031 Sep 33 calls have traded in the name. The action includes a sweep of 1651 Sep 33 calls at the $1.30 asking price, which is an opening customer buyer, according to ISEE data. Implied volatility is flat at 41.5. Shares of the Philli-based retailer are down more than 20 percent since late April and some traders might be taking positions in anticipation of a rebound ahead of an Aug 16 (after market) earnings release.
Category: All Stocks, Mid Cap Stocks, Retail
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
