Pre-earnings options volume in Pliant Therapeutics (PLRX) is 2.2x normal with calls leading puts 29:1. Implied volatility suggests the market is anticipating a move near 29.4%, or 43c, after results are released. Median move over the past eight quarters is 2.6%.
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Read More on PLRX:
- Pliant Therapeutics downgraded at Stifel after bexotegrast study discontinued
- Pliant Therapeutics downgraded to Hold from Buy at Stifel
- Leerink downgrades Pliant Therapeutics after trial discontinuation
- Pliant Therapeutics downgraded to Market Perform from Outperform at Leerink
- Pliant Therapeutics price target lowered to $17 from $40 at Piper Sandler
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