Bearish flow noted in Ironwood with 2,822 puts trading, or 2x expected. Most active are Apr-24 10 puts and Mar-24 20 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 4.42, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 9th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IRWD:
- Ironwood reports ‘positive’ results from Phase III trial of apraglutide
- Jefferies biotechnology analysts hold an analyst/industry conference call
- Ironwood price target raised to $21 from $20 at Piper Sandler
- Ironwood price target raised to $18 from $15 at Capital One
- Ironwood sees FY24 revenue $435M-$455M, consensus $462.82M
