Mosaic (MOS) NewsBite - Grain Futures Pull Down MOS

Posted: Wednesday, November 19, 2008 1:49 PM EDT

Mosaic (NYSE: MOS) opened at $30.89. So far today, the stock has hit a low of $29.40 and a high of $31.66. MOS is now trading at $29.48, down $1.89 (-6.02%). Over the last 52 weeks the stock has ranged from a low of $23.96 to a high of $163.25. MOS shares are trading lower with other fertilizer producers today, hurt by declining grain futures. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for MOS. If you are looking for a hedged play on MOS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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