Honda Motor (HMC) NewsBite - HMC Cuts Back Jet Business
Posted: Wednesday, February 18, 2009 10:03 AM EDT
By: Market Intelligence Center Staff
Honda Motor (NYSE: HMC) opened at $24.40. So far today, the stock has hit a low of $24.06 and a high of $24.45. HMC is now trading at $24.39, up $1.02 (4.36%). Over the last 52 weeks the stock has ranged from a low of $17.35 to a high of $36.40. HMC shares are rising this morning on news that the company will cut its production of business jets by up to 30 percent in order to cut costs. The company is also reportedly considering additional job cuts. Technical indicators for the stock are bearish and S&P gives HMC a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HMC the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Honda Motor (HMC) Stock ReportSee what our analysts have uncovered about Honda Motor (HMC).
More News For Honda Motor (HMC):
Honda Motor (HMC) Trading Near $35.76 Support Level
Wednesday, February 08, 2012... Honda Motor (NYSE:HMC) closed Tuesday's favorable trading session at $36.14. In the past year, the stock has hit a 52-week low of $27.52 and......
http://www.marketintelligencecenter.com/analyfav/1333185
Should Companies Keep Super Bowl Ads a Surprise?
Friday, February 03, 2012... This is a big weekend for sports lovers, as Super Bowl 46 will be held this Sunday at 6:30 p.m. ET. As with any championship game, the stakes are......
http://www.marketintelligencecenter.com/specialreports/1332494
Honda Motor (HMC)
Wednesday, January 18, 2012... The midsize auto segment is one of the most competitive in the auto industry and Honda (HMC) has found big success with the Accord. At this year's......
http://www.marketintelligencecenter.com/multiarticle.aspx?story=1327431&page=4
blog comments powered by