Sapient (SAPE) Drops on Analyst Rating Cut

June 14, 2012 10:15 AM EDT
Sapient Corp. (Nasdaq: SAPE) shares are lower early, though the drop appears to have flattened, following a call at Raymond James.

Issued earlier, Raymond James cut Sapient from Strong Buy to Outperform.

Shares are down nearly 8 percent Thursday with option implied volatility up 14.8 percent compared to Wednesday's close.

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