Dangdang (DANG) Volatility Dips, Shares Higher Following Chinese Rate Cut
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E-Commerce China Dangdang (NYSE: DANG) shares are showing lower volatility as the stock is higher in early trading Thursday.
Market data has implied volatility down about 6 percent from Wednesday's close. Shares of Dangdang are up about 5.9 percent on the session.
The stock could be popping from the recent one-year lending rate cut by the People's Bank of China, the first time such a move has been made since 2008. For more color, click here.
Market data has implied volatility down about 6 percent from Wednesday's close. Shares of Dangdang are up about 5.9 percent on the session.
The stock could be popping from the recent one-year lending rate cut by the People's Bank of China, the first time such a move has been made since 2008. For more color, click here.
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