ATP Oil & Gas (ATPG) Volatility Rips, Shares Drop on Unexpected CEO Change
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ATP Oil & Gas Corp. (Nasdaq: ATPG) volatility is elevated early Friday following reports of a CEO change issued late Thursday.
Implied volatility is up 29 percent from Thursday's close and 145 percent above its historical annual average.
Shares fell 14 percent on the session, moving further below its 50-day SMA at $6.39. The stock is well below its 52-week high of $16.91, hit almost one year ago today.
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Implied volatility is up 29 percent from Thursday's close and 145 percent above its historical annual average.
Shares fell 14 percent on the session, moving further below its 50-day SMA at $6.39. The stock is well below its 52-week high of $16.91, hit almost one year ago today.
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