Liberty Media (LINTA) NewsBite - LINTA Upgraded By Citigroup
Posted: Friday, October 30, 2009 1:31 PM EDT
Liberty Media (LINTA) was upgraded today by analysts at Citigroup and the stock is now at $11.32, down $0.14 (-1.22%) on volume of 2,604,795 shares traded. The analysts upgraded the stock to Hold from Sell. Over the last 52 weeks the stock has ranged from a low of $1.97 to a high of $12.81. Liberty Media stock has been showing support around $11.04 and resistance in the $11.88 range. Technical indicators for the stock are neutral and S&P gives LINTA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LINTA the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
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