New York Times (NYT) Trading Higher Ahead Of Q4 Earnings Report
Posted: Tuesday, February 09, 2010 1:52 PM EDT
New York Times (NYSE: NYT) opened at $11.87. So far today, the stock has hit a low of $11.34 and a high of $11.94. NYT is now trading at $11.88, up $0.27 (2.33%). The stock hit its 52-Week high of $14.87 in January and set its 52-Week low of $3.44 in last February. The company is going to be reporting fourth quarter numbers tomorrow, and analysts are forecasting the company to earn 38 cents per share. During the same period last year, the company had earnings of 36 cents per share. Technical indicators for the stock are bearish and S&P gives NYT a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on NYT the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
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