Zale (ZLC) NewsBite - ZLC Earnings Top Forecasts
Posted: Wednesday, February 24, 2010 11:26 AM EDT
Zale (NYSE: ZLC) opened at $2.75. So far today, the stock has hit a low of $2.61 and a high of $2.89. ZLC is now trading at $2.82, up $0.26 (10.14%). Over the last 52 weeks the stock has ranged from a low of $.89 to a high of $8.51. ZLC shares are trading higher today after the company reported a second-quarter profit of $6.7 million, or 21 cents per share. Excluding one-time items, ZLC earned 38 cents per share, topping analysts' forecasts of 2 cents per share. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for ZLC. If you are looking for a hedged play on ZLC the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 2.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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