Genworth (GNW) volatility flat into CEO resignation

May 2, 2012 7:52 AM EDT
Genworth (NYSE: GNW) reported adjusted Q1 EPS 6c, consensus 11c and its CEO resigned. Keefe, Bruyette & Woods say’s “Leadership change reinforces continued uncertainty.” Overall option implied volatility of 63 is near its 26-week average of 64 according to Track Data.

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