KeyCorp (KEY) NewsBite - KEY Slips on Downgrade
Posted: Thursday, March 18, 2010 11:20 AM EDT
KeyCorp (NYSE: KEY) opened at $7.82. So far today, the stock has hit a low of $7.56 and a high of $7.82. KEY is now trading at $7.59, down $0.31 (-3.92%). Over the last 52 weeks the stock has ranged from a low of $4.40 to a high of $9.82. KEY shares were downgraded at Macquarie to Neutral from Outperform. Technical indicators for the stock are neutral and S&P gives KEY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on KEY the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]
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