wwwPosted Jun 30th 2008 1:06PM by Paul Foster
Filed under: Options
Myriad Genetics (NASDAQ:MYGN) is recently down $5.48 to $42.25 in pre-open trading. MYGN's Flurizan, a treatment for Alzheimer's diseases, had negative Phase 3 results. RBC Capital has a 12-month forward target of $37 on MYGN. MYGN July option implied volatility of 102 was above its 26-week average of 71 according to Track Data, suggesting larger July price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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