Ralcorp Holdings (RAH) NewsBite - Earnings Boost RAH
Posted: Wednesday, November 12, 2008 1:14 PM EDT
By: Market Intelligence Center Staff
Ralcorp Holdings (NYSE: RAH) opened at $61.70. So far today, the stock has hit a low of $60.51 and a high of $66.26. RAH is now trading at $65.76, up $3.76 (6.06%). Over the last 52 weeks the stock has ranged from a low of $48.08 to a high of $74.07. RAH shares are rising today after the company reported a better-than-expected fourth-quarter profit. Technical indicators for the stock are neutral and S&P gives RAH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RAH the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]
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