Coventry Healthcare (CVH) NewsBite - CVH Earnings Top Estimates
Posted: Tuesday, February 09, 2010 9:56 AM EDT
By: Market Intelligence Center Staff
Coventry Healthcare (NYSE: CVH) opened at $23.81. So far today, the stock has hit a low of $23.43 and a high of $23.99. CVH is now trading at $23.76, up $1.32 (5.88%). Over the last 52 weeks the stock has ranged from a low of $7.97 to a high of $27.27. Shares of CVH are rising today after the company reported a fourth-quarter profit of $109.08 million, or 74 cents per share, on revenue of $3.42 billion. Analysts had forecast a profit of 56 cents per share on revenue of $3.49 billion. Technical indicators for the stock are bullish and S&P gives CVH a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CVH the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Coventry Healthcare (CVH) Stock ReportSee what our analysts have uncovered about Coventry Healthcare (CVH).