Landstar System (LSTR) NewsBite - LSTR Higher on upgrade

Posted: Wednesday, November 12, 2008 10:47 AM EDT

Landstar System (NasdaqNM: LSTR) opened at $33.35. So far today, the stock has hit a low of $32.30 and a high of $33.99. LSTR is now trading at $33.89, up $1.60 (4.96%). Over the last 52 weeks the stock has ranged from a low of $29.21 to a high of $59.21. Shares of LSTR are rising today after a Stifel Nicolaus analyst upgraded the stock to "Buy" from "Hold." Technical indicators for the stock are bullish and S&P gives LSTR a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on LSTR the stock seems like it could be a candidate for an April covered call above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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