|January 29, 2013|
|06:28 EDT||RT||Ruby Tuesday downgraded to Neutral from Outperform at Credit Suisse|
Credit Suisse downgraded Ruby Tuesday based on valuation, comp headwinds, and reduced value from sale-leasebacks. Price target remains $8.
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|December 9, 2013|
|15:38 EDT||RT||Ruby Tuesday resolves EEOC suit|
Ruby Tuesday has agreed to resolve a lawsuit involving three open restaurants and three closed restaurants in Ohio and Pennsylvania. The lawsuit, filed by the EEOC in 2009, primarily alleged that older workers were discriminated against during the hiring process. Ruby Tuesday has always strongly denied, and continues to strongly deny, this allegation. However, the company has decided to settle the lawsuit without conceding liability to reduce the disruption to daily business and avoid the cost of protracted litigation.
|11:31 EDT||RT||High option volume stocks: RT ETRM SYY JAH BIG|
|10:53 EDT||RT||Ruby Tuesday active call volume attributed to report of seeking alternatives|
Ruby Tuesday December and January 7 calls are active on total call volume of 5400 contracts (180 puts), the activity is attributed to report of the company seeking alternatives. December call option implied volatility is at 72, January is at 89, April is at 60; compared to its 26-week average of 44 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
|10:31 EDT||RT||Ruby Tuesday spikes higher, levels to watch|
The stock has spiked higher in the last 15 minutes, trading up over 9.7% to $7.48. At that price, next resistance is at $7.70. Support is at $7.24. A report from Debtwire said that the company had hired Goldman Sachs to explore alternatives.
|10:23 EDT||RT||Ruby Tuesday strength attributed to report of seeking alternatives|
The move higher in shares of Ruby Tuesday is being attributed to a report from Debtwire which stated the company hired Goldman Sachs to explore alternatives. Shares of Ruby Tuesday are up 6%, or 37c, to $7.19.