Electronic Data Systems Corp.
(EDS) opened at 24.43. So far today, the stock has hit a low of 24.40 and a high of 24.47. EDS is now trading at 24.43, up 0.35 (1.43%). The stock hit its 52 week high of 29.13 in June and set its 52 week low of 15.71 in March. EDS dropped during 2007, but has been stronger for the past two months. Shares of Electronic Data Systems have been trading higher in early trading on news that Hewlett-Packard Co.
(HPQ) agreed to buy the company to expand its service business. H-P will buy EDS for $12.6 billion, or $25 per share. Technical indicators for the stock are bullish and steady while S&P gives EDS a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no hedge trades that we like for EDS. [RHF - Seven Summits Strategic Investments NewsBite]