Health Net (HNT) NewsBite - HNT Falls Ahead of Investor Conference

Posted: Monday, January 12, 2009 9:55 AM EDT

Health Net (NYSE: HNT) opened at $13.49. So far today, the stock has hit a low of $13.22 and a high of $13.62. HNT is now trading at $13.48, down $0.55 (-3.92%). Over the last 52 weeks the stock has ranged from a low of $7.38 to a high of $52.96. Shares of HNT are trading lower this morning ahead of the company's annual shareholders meeting this afternoon. Technical indicators for the stock are neutral and S&P gives HNT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HNT the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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