Ann Taylor volatility expected to move on Golden Gate Capital takes 9.5% stake Ann Taylor volatility is expected to move after Golden Gate Capital reported a 9.5% stake in the company. Overall option implied volatility of 30 is at its 26-week average according to Track Data, suggesting non-directional price movement.
Ann Inc. downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Ann Inc to Neutral based on gross margin concerns. The firm sees incremental shipping costs due to the West Coast situation and promotional activity pressuring results. Price target is $37.