Werner Enterprises Inc.
(WERN) opened at 19.37. So far today, the stock has hit a low of 19.37 and a high of 20.57. WERN is now trading at 20.51, up 1.24 (6.40%). The stock hit its 52 week high of 22.00 in August and set its 52 week low of 15.26 in January. WERN fell through the second half of 2007, but has been pretty volatile this year. Shares of trucking operators have been soaring today lifted by Old Dominion Freight Line
(ODFL) which forecast better-than-expected second-quarter earnings per share estimates due to a 10% increase in tonnage, a more stable pricing environment and improved productivity. Technical indicators for the stock are bearish but slightly improving while S&P gives WERN a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a September bull-put credit spread below the $17.50 range. WERN stock could fall up to 14.7% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]