Liz Claiborne (LIZ) NewsBite - Lack of Insider Trading Indicates Bullishness on LIZ

Posted on Thursday, July 03, 2008 12:51 PM

Liz Claiborne Inc. (LIZ) opened at 13.27. So far today, the stock has hit a low of 13.19 and a high of 13.97. LIZ is now trading at 13.71, up 0.63 (4.75%). The stock hit its 52 week high of 38.90 in July and set its 52 week low of 13.01 in July. LIZ has been moving downwards for the past year. A quick look over insider trading shows no buying or selling activity over the last three months. This gives an indication that insiders are holding onto their stock possibly looking for some upside to their shares. Technical indicators for the stock are bearish and steady while S&P gives LIZ a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an August bull-put credit spread below the $12.50 range. LIZ stock could fall up to 8.8% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]