Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
GTRC is up over 10% today, closing at $52.47. I can't find any recent news that would explain it. Anyone know what's going on?

(BTW, this board sure has been quiet lately. Where is everybody?)
Print the post Back To Top
No. of Recommendations: 0
Found this on Guitar Center News at:

http://www.topix.net/com/gtrc

Guitar Center (NASDAQ: GTRC) implied volatility flat as GTRC rallies on Speculation.

GTRC, a retailer of guitars, amplifiers, percussions instruments, keyboards, and pro-audio and recording equipment, is recently up $3.75 to $51.26. Chatter is circulating GTRC has hired an investment bank to explore strategic alternatives. GTRC has a market cap of $1.4 billion with long-term debt of $1 million. GTRC June option implied volatility of 33 is near its 26-week average according to Track Data, suggesting non-directional risk.


So that basically tells me... nothing really. Just up on no real news!

ScottTheGeek sends...
Print the post Back To Top
Advertisement