Urban Outfitters (URBN) volatility elevated into Q1 earnings fall 8.6%

Urban Outfitters (Nasdaq: URBN) is recently up 16c to $26 on Q1 earning falling 8.6%. Brean Murray Carret say’s “No reason for optimism after a store opening driven 1Q upside; reiterate Sell rating.” Overall option implied volatility of 49 is above its 26-week average of 40 according to Track Data.

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