Gymboree (GYMB) NewsBite - GYMB's Q4 Forecast Falls Short

Posted: Thursday, November 19, 2009 11:16 AM EDT

Gymboree (NasdaqNM: GYMB) opened at $39.94. So far today, the stock has hit a low of $39.67 and a high of $41.18. GYMB is now trading at $40.38, down $0.61 (-1.49%). Over the last 52 weeks the stock has ranged from a low of $14.02 to a high of $52.31. GYMB reported earnings last night, posting a third-quarter profit that beat analysts' estimates. However, GYMB forecast Q4 EPS between 95 cents and $1.03, below analysts' projections of $1.13. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for GYMB. If you are looking for a hedged play on GYMB the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]

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