Midway Games (NYSE: MWY) NewsBite - MWY Hits 52-Week Low

Posted: Monday, December 01, 2008 12:33 PM EDT
By: Market Intelligence Center Staff

Midway Games (NYSE: MWY) hit a new 52-Week low of $.17 so far today. Currently the stock is down $.07 (-18.42%) to $.31 on 293,927 shares traded. Today's low is down $4.17 from a 52-Week high of $4.48. Midway Games stock has been showing support around $.29 and resistance in the $.43 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for MWY. MWY shares have plummeted over the past few years, but are taking another huge hit after a report today indicates that former majority owner and media mogul Sumner Redstone has sold his entire stake in the gaming company. We will just watch this one for now. There are no hedged trades we like the look of for MWY. [ABR-Seven Summits Strategic Investments NewsBite]