Health Net (HNT) NewsBite - HNT Gets Boost From Earnings

Posted: Tuesday, February 03, 2009 10:54 AM EDT

Health Net (NYSE: HNT) opened at $16.79. So far today, the stock has hit a low of $15.90 and a high of $17.99. HNT is now trading at $16.03, up $0.65 (4.23%). Over the last 52 weeks the stock has ranged from a low of $7.38 to a high of $48.78. Shares of HNT are trading higher today after the company reported an adjusted fourth-quarter profit of 61 cents per share on revenue of $3.90 billion, beating analysts' estimates of 55 cents per share on revenue of $3.78 billion. 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 an April out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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