SuperValu (SVU) volatility elevated into withdrawn guidance and dividend

SuperValu (NYSE: SVU) is recently down $1.95 to $3.35 in the premarket after the company guided Q1 results below expectations, suspending its dividend and is initiating a review of strategic alternatives. JPMorgan lowered its rating to Neutral from Overweight, UBS raised its rating to Neutral from Sell. Overall option implied volatility of 55 is above its 26-week average of 52 according to Track Data.

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