LG Display (LPL) NewsBite - LG Display Lower on Downgrade

Posted on Thursday, June 19, 2008 3:08 PM

LG Display Co. Ltd. (LPL) opened at 19.11. So far today, the stock has hit a low of 19.11 and a high of 19.68. LPL is now trading at 19.34, down 0.34 (-1.78%). The stock hit its 52 week high of 31.29 in November and set its 52 week low of 19.11 today. LPL has been dropping since November of last year. LG Display shares have been falling into the red after a Deutsche Securities analyst downgraded the stock to "Hold" from "Buy." Technical indicators for the stock are bearish and steady while S&P gives LPL a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an October bear-call credit spread above the $25 range. LPL stock could rise up to 29.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]