American Superconductor Corp (AMSC) $10.74 -1.83%
American Superconductor (AMSC) loses 19 cents to $10.75 and 6,870 Jun 10 puts have traded in the Devens, MA maker of wind turbines and electronic control systems. Most of the action has been in smaller sizes. The top trade is a 285-lot at the 60 cent asking price. Implied volatility is up 30 percent to 85, as some investors might be taking positions ahead of earnings. Results are expected around May 26 (unconfirmed).Shares tumbled more than 40 percent on 4/6 amid allegations of securities fraud.
Category: All Stocks, Industrial Goods & Services, Small Cap Stocks
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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.
