Coinstar (CSTR) NewsBite - CSTR Gets Bullish Broker Rating
Posted: Wednesday, March 10, 2010 1:59 PM EDT
By: Market Intelligence Center Staff
Coinstar (NASDAQ: CSTR) opened at $30.23. So far today, the stock has hit a low of $29.98 and a high of $30.74. CSTR is now trading at $30.58, up $0.63 (2.1%). Over the last 52 weeks the stock has ranged from a low of $23.49 to a high of $38.28. CSTR shares are rising today after analysts at Canaccord Adams initiated coverage on the stock, starting EIX at Buy with a $39 price target. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for CSTR. If you are looking for a hedged play on CSTR the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Coinstar (CSTR) Stock ReportSee what our analysts have uncovered about Coinstar (CSTR).