Dell (DELL) Falls on Analyst's Comments

Posted: Tuesday, November 24, 2009 9:50 AM EDT

Dell (NasdaqNM: DELL) opened at $14.59. So far today, the stock has hit a low of $14.48 and a high of $14.61. DELL is now trading at $14.51, down $0.27 (-1.83%). Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $17.26. DELL shares are declining this morning after an analyst at First Global downgraded the stock to Market Perform from Moderate Outperform, saying in a note to investors that the computer maker is losing market share to competitors Hewlett-Packard (HPQ) and Acer. The analyst also noted that many of DELL's large business customers have "yet to show strong signs of an increase in spending." This could be a bad sign for Dell. Technical indicators for the stock are neutral and S&P gives DELL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DELL the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 18 range. [ABR-Seven Summits Strategic Investments NewsBite]

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