Ameriprise Financial (AMP) NewsBite - Upgrade Boosts AMP

Thursday, November 13, 2008 10:59 AM EDT

Ameriprise Financial (NYSE: AMP) opened at $17.97. So far today, the stock has hit a low of $17.43 and a high of $19.01. AMP is now trading at $18.06, up $0.67 (3.85%). Over the last 52 weeks the stock has ranged from a low of $16.51 to a high of $63.15. AMP shares are trading higher today after a Credit Suisse analyst upgraded the stock to "Outperform" from "Neutral." Technical indicators for the stock are neutral and S&P gives AMP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMP the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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