Audible (ADBL) NewsBite - Audible Lower on Downgrade

Posted on Monday, February 04, 2008 2:25 PM

Audible Inc. (ADBL) opened at 11.42. So far today, the stock has hit a low of 11.42 and a high of 11.57. ADBL is now trading at 11.47, down 0.13 (-1.14%). The stock hit its 52 week high of 14.22 in November and set its 52 week low of 7.21 in February. ADBL had a big fall between November and December, but has shown signs of rebound since then. Audible shares have been trading lower in today's market after a Jefferies & Co analyst downgraded the stock to "Hold" from "Buy." Technical indicators for the stock are neutral and improving while S&P gives ADBL a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no hedged trades that we like for ADBL. [RHF - Seven Summits Strategic Investments NewsBite]