Vmware (VMW) NewsBite - VMW Rises on Positive Broker Coverage
Posted: Thursday, February 18, 2010 1:45 PM EDT
By: Market Intelligence Center Staff
Vmware (NYSE: VMW) opened at $47.39. So far today, the stock has hit a low of $47.04 and a high of $48.50. VMW is now trading at $48.00, up $0.60 (1.27%). Over the last 52 weeks the stock has ranged from a low of $19.15 to a high of $48.95. VMW shares are rising today after analysts at UBS initiated coverage on the stock, giving it a Buy rating. Technical indicators for the stock are neutral and S&P gives VMW a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VMW the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 43 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Vmware (VMW) Stock ReportSee what our analysts have uncovered about Vmware (VMW).