Centex (CTX) NewsBite - CTX Rises on TOL Earnings

Posted: Thursday, December 04, 2008 10:00 AM EDT
By: Market Intelligence Center Staff





Centex (NYSE: CTX) opened at $9.90. So far today, the stock has hit a low of $9.74 and a high of $11.09. CTX is now trading at $10.90, up $0.72 (7.07%). Over the last 52 weeks the stock has ranged from a low of $4.91 to a high of $30.29. CTX shares are trading higher with other homebuilders after competitor Toll Brothers (TOL) posted an adjusted fourth-quarter profit of 23 cents per share on revenue of $698.9 million, beating analysts' projections of a loss of 46 cents per share on revenue of $681.4 million. Technical indicators for the stock are neutral and S&P gives CTX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CTX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Centex (CTX) NewsBite - CTX Downgraded By Credit Suisse

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Centex (CTX) NewsBite - CTX Downgraded By Goldman Sachs

Monday, February 09, 2009... Centex (CTX) was downgraded today by analysts at Goldman Sachs and the stock is now at $10.62, down $0.54 (-4.84%) on volume of 4,947,273 shares......

http://www.marketintelligencecenter.com/newsbites/761752


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