Wachovia Capital Trust (WB) NewsBite - WB Falls Ahead of Fed Announcement

Posted: Wednesday, October 29, 2008 10:04 AM EDT
By: Market Intelligence Center Staff





Wachovia Capital Trust (NYSE: WB) opened at $5.90. So far today, the stock has hit a low of $6.16 and a high of $6.47. WB is now trading at $6.25, down $0.22 (-3.40%). Over the last 52 weeks the stock has ranged from a low of $.01 to a high of $46.58. Shares of WB are declining today ahead of the Federal Reserve's announcement on interest rates. Economists are expecting the central bank to cut the federal funds rate in an effort to boost economic activity and free up credit markets. Technical indicators for the stock are neutral and S&P gives WB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WB the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]



CLICK HERE: FREE Wachovia Capital Trust (WB) Stock Report
See what our analysts have uncovered about Wachovia Capital Trust (WB).
More News For Wachovia Capital Trust (WB):

Wachovia Capital Trust (WB) NewsBite - WB Sinks on Analyst's Comments

Tuesday, December 23, 2008... Wachovia Capital Trust (NYSE: WB) opened at $5.42. So far today, the stock has hit a low of $5.28 and a high of $5.47. WB is now trading at $5.35......

http://www.marketintelligencecenter.com/newsbites/720960

Wachovia (WB) NewsBite - WB Covered In Vic Wisemann Report Today

Monday, November 03, 2008... Wachovia Capital Trust (WB) was covered in a Vic Wisemann Report today and the stock is now at $6.37, down $0.04 (-0.62%) on volume of 4,495,940......

http://www.marketintelligencecenter.com/newsbites/694203

AFLAC (AFL) NewsBite - AFL Lower on Recession Worries

Wednesday, October 22, 2008... AFLAC (NYSE: AFL) opened at $42.11. So far today, the stock has hit a low of $40.41 and a high of $42.46. AFL is now trading at $41.32, down $1.65......

http://www.marketintelligencecenter.com/newsbites/687526

Wachovia Capital Trust (WB) NewsBite - WB Covered In Lee Allen Report Today

Friday, October 10, 2008... Wachovia Capital Trust (WB) was covered in a Lee Allen Report today and the stock is now at $4.82, up $1.24 (34.64%) on volume of 21,963,118 shares......

http://www.marketintelligencecenter.com/newsbites/683639

Citigroup (NYSE: C) NewsBite - C and Wells Fargo miss deadline for Wachovia deal

Thursday, October 09, 2008... Citigroup (NYSE: C) opened at $15.37. So far today, the stock has hit a low of $14.03 and a high of $15.50. C is now trading at $14.13, down $.27......

http://www.marketintelligencecenter.com/newsbites/683153


Related News For WB:

Hedged Trade Ideas For WB:

WB




blog comments powered by Disqus


investorsobserver
OptionsXpress
Fidelity Investments
Brokers Xpress
money show 2011

FREE Daily Newsletter

 




Portions of this content may be copy written by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. SmartReadMX and other related related technologies used to produce content for this service are covered by US Patents numbers 7,865,496, 7,856,390, and 7,716,116.