LDK Solar (LDK) Erases Investor Doubt, Moves into Positive Territory Following Q4 Numbers
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LDK Solar (NYSE: LDK) has more than erased any doubt investors had following its fourth-quarter miss and light outlook.
With implied volatility up 23 percent from Friday's close, the stock is over 8 percent better, though down from intraday highs. Implied volatility is also nearly 200 percent higher over its historical average.
Shares were down as much as 8 percent at the start Monday.
Reported earlier, LDK posted a Q4 loss of $4.63 on revs of $420.2 million, missing expectations of a 77 cent loss and sales of $429.33 million.
With implied volatility up 23 percent from Friday's close, the stock is over 8 percent better, though down from intraday highs. Implied volatility is also nearly 200 percent higher over its historical average.
Shares were down as much as 8 percent at the start Monday.
Reported earlier, LDK posted a Q4 loss of $4.63 on revs of $420.2 million, missing expectations of a 77 cent loss and sales of $429.33 million.
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