SAP AG (SAP) NewsBite - SAP Falls on Downgrade

Posted: Monday, November 17, 2008 11:38 AM EDT
By: Market Intelligence Center Staff





SAP AG (NYSE: SAP) opened at $34.28. So far today, the stock has hit a low of $33.47 and a high of $34.44. SAP is now trading at $33.62, down $1.62 (-4.60%). Over the last 52 weeks the stock has ranged from a low of $29.31 to a high of $59.42. SAP shares are declining today after the stock was downgraded at Merrill Lynch to "Neutral" from "Buy." Technical indicators for the stock are neutral and S&P gives SAP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SAP the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For SAP AG (SAP):

SAP AG (SAP) Could Break Through $64.25 Resistance Level

Wednesday, February 08, 2012... SAP AG (NYSE:SAP) closed Tuesday's bullish trading session at $63.60. In the past year, the stock has hit a 52-week low of $47.39 and 52-week high of......

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SAP AG (SAP) Showing Bullish Technicals With 1.00% Dividend Yield

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Potential SAP AG (SAP) Trade Has 5.73% Downside Protection

Friday, January 27, 2012... SAP AG (NYSE:SAP) closed Thursday's unfavorable trading session at $59.29. In the past year, the stock has hit a 52-week low of $47.39 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1330832

SAP AG (SAP) Could Break Through $57.58 Resistance Level

Friday, January 20, 2012... SAP AG (NYSE: SAP) closed Thursday's trading session at $57.05. In the past year, the stock has hit a 52-week low of $47.39 and 52-week high of......

http://www.marketintelligencecenter.com/analyfav/1329247

SAP AG (SAP) Gains 2.5% after Barclays Reiterates at Overweight

Tuesday, January 17, 2012... SAP AG (NYSE: SAP) was higher Tuesday after analysts at Barclays reiterated its rating on the stock at Overweight with a $66 price target. A March......

http://www.marketintelligencecenter.com/newsbites/1328373


Hedged Trade Ideas For SAP:

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