Digital River (DRIV) NewsBite - DRIV Downgraded By Stanford Research

Posted: Tuesday, November 18, 2008 2:09 PM EDT

Digital River (DRIV) was downgraded today by analysts at Stanford Research and the stock is now at $17.17, down $5.35 (-23.76%) on volume of 1,616,052 shares traded. The analyst downgraded the stock to "Sell" from "Hold." Over the last 52 weeks the stock has ranged from a low of $21.50 to a high of $45.45. Digital River stock has been showing support around $21.33 and resistance in the $24.37 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for DRIV. If you are looking for a hedged play on DRIV the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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