Alkermes (ALKS) NewsBite - ALKS Price Target Cut

Posted on Tuesday, August 19, 2008 3:12 PM
Alkermes (NasdaqNM: ALKS) opened at $14.71. So far today, the stock has hit a low of $14.20 and a high of $14.85. ALKS is now trading at $14.39, down $0.34 (-2.31%). Over the last 52 weeks the stock has ranged from a low of $10.32 to a high of $18.78. ALKS shares are declining today after Roth Capital cut its price target on the stock to $17 from $18. Technical indicators for the stock are neutral and S&P gives ALKS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ALKS the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

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