Werner Enterprises (WERN) NewsBite - WERN Trading Near Its High On Bullish Broker Rating

Posted: Wednesday, November 11, 2009 2:06 PM EDT

Werner Enterprises (NasdaqNM: WERN) opened at $19.43. So far today, the stock has hit a low of $19.35 and a high of $19.88. WERN is now trading at $19.75, up $.59 (3.08%). The stock hit its 52-Week high of $21.40 last month and set its 52-Week low of $12.59 in March. Sterne, Agee & Leach initiated coverage on WERN today with a Buy rating. The company posted better than expected earnings last month when it showed Q4 earnings of 26 cents per share, higher than the 20 cents that analysts had been hoping to see. Technical indicators for the stock are neutral and S&P gives WERN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WERN the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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