Scotts Miracle-Gro (SMG) volatility elevated into disappointing guidance

Scotts Miracle-Gro (NYSE: SMG) is recently down 16% in the premarket after the company announced weak guidance due to slowing consumer demand. BMO Capital lowered its price target to $40 from $42, Overall option implied volatility of 36 is above its 26-week average of 32 according to Track Data.

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