Macrovision (MVSN) NewsBite - Earnings Boost MVSN

Posted: Wednesday, February 11, 2009 10:36 AM EDT

Macrovision (NasdaqNM: MVSN) opened at $14.95. So far today, the stock has hit a low of $14.50 and a high of $15.60. MVSN is now trading at $14.57, up $1.23 (9.22%). Over the last 52 weeks the stock has ranged from a low of $8.46 to a high of $18.62. MVSN shares are rising today after the company reported fourth-quarter adjusted earnings of $52.7 million, or 52 cents per share, on revenue of $118.2 million, beating analysts' estimates of 21 cents per share on revenue of $111.1 million. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for MVSN. If you are looking for a hedged play on MVSN 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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