Express volatility expected to move on Sycamore Partners reporting 9.9% stake Express options volatility expected to move after Sycamore Partners reported a 9.9% stake and said its it interested in conducting due diligence that could lead to a buyout. Overall options implied volatility of 51 is above its 26-week average of 45 according to Track Data, suggesting large near term price movement.
S&P announces changes to the S&P 600 index S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Inogen (INGN) will replace Micrel (MCRL) in the S&P SmallCap 600 after the close of trading on Monday, August 3. S&P 500 constituent Microchip Technology (MCHP) is acquiring Micrel in a transaction expected to be completed on or about that date pending final approvals. Express (EXPR) will replace Associated Estates Realty (AEC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 5. Brookfield Asset Management (BAM) is acquiring Associated Estates Realty in a transaction expected to be completed on or about that date pending final approvals.