Standard Pacific (SPF) Higher on Volatility Following 10-Q Filing

May 2, 2012 1:30 PM EDT
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Standard Pacific Corp (NYSE: SPF) shares are ripping higher Wednesday as investors got a fresh look at the company's 10-Q filed with the U.S. SEC late Tuesday. On Monday, the firm reported a first-quarter earnings beat by one cent per share.

Market data shows implied volatility up 13.5 percent from Tuesday's close and about in-line with its historical average. Volume is heavy on the move higher today.

Shares are up 9.5 percent in afternoon trade, though coming off of hitting a 52-week high at $5.59.

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