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King Pharma (KG) July volatility flat at 62

June 18, 2009 9:09 AM EDT
KG Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
King Pharma (NYSE: KG) : King Pharma closed at $9.42. KG has three products pending FDA action. KG will present at the Wachovia Capital Markets Conference on June 24. KG July option implied volatility is at 62, October is at 56; near its six-month average of 65, according to Track Data, suggesting non-directional price movement. Paul Foster

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