Cree (CREE) Volatility Elevated as CFO Slide Continues

May 23, 2012 9:47 AM EDT
Cree, Inc. (Nasdaq: CREE) is seeing early activity Wednesday, likely on pressure from news out of Europe hitting markets, but also continuing from the abrupt resignation of its CFO Tuesday.

Implied volatility is up about 13 percent from Tuesday's close while shares are 4.4 percent lower. Cree slipped 6.5 percent yesterday.

For more on the CFO resignation, click here.

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