TiVo (TIVO) NewsBite - TiVo Signs Deal with TWX

Posted on Wednesday, August 27, 2008 2:27 PM

TiVo (NGM: TIVO) opened at $7.45. So far today, the stock has hit a low of $7.45 and a high of $7.97. TIVO is now trading at $7.94, up $0.41 (5.44%). The stock hit its 52-Week high of $9.43 in February and set its 52-Week low of $5.54 in August. TiVo announced today it will sign an agreement with Time Warner (TWX)'s Entertainment Weekly that will allow its users to automatically record shows suggested by the magazine's staff. Technical indicators for the stock are neutral and S&P gives TIVO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TIVO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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