Options traders are pricing in a potential 3.3% swing for ExxonMobil's stock following its July 31 earnings release, according to Bloomberg data. A review of past reports shows the stock has exceeded the market's implied move in three of the last eight quarters.
The robotics and automation firm, which was acquired by the private equity giant for $3 billion, is in talks with potential advisers for a public listing, according to a Bloomberg report.
France's benchmark CAC 40 index closed higher on Friday, driven by strong performances in the technology and financial sectors, though key retailers and semiconductor stocks lagged.
German stocks closed higher on Friday, with the DAX index gaining 1.33%, propelled by a more than 9% rally in software firm SAP. The advance occurred even as the market's volatility gauge spiked to a one-month high.
Options traders are anticipating a 2.9% move in Chevron's stock price following its July 31 earnings report, according to Bloomberg data. Historically, the stock's actual post-earnings move has exceeded this implied volatility in half of the last eight quarters.
Belgium's benchmark BEL 20 index closed up 0.74% on Friday, with gains driven by strong performances in the Basic Materials, Financials, and Healthcare sectors. Aperam SA was the session's top performer, rising over 5%.
Options data indicates traders are anticipating a 4.2% move in Moderna's stock following its upcoming earnings release. The biotechnology firm has a history of exceeding these implied volatility levels, particularly to the downside.
Italy's benchmark stock index closed nearly 1% higher on Friday, propelled by strong performances in the financial and utilities sectors, even as global commodity markets saw a sharp decline in crude oil prices.
Dutch stocks closed higher on Friday, with the benchmark AEX index rising 0.31%, driven by gains in the Basic Materials, Consumer Goods, and Financials sectors.
