Harley Davidson (HOG) NewsBite - HOG Rises on Earnings
Posted: Thursday, April 16, 2009 10:05 AM EDT
By: Market Intelligence Center Staff
Harley Davidson (NYSE: HOG) opened at $18.70. So far today, the stock has hit a low of $18.50 and a high of $19.13. HOG is now trading at $18.88, up $1.75 (10.19%). Over the last 52 weeks the stock has ranged from a low of $7.99 to a high of $48.05. Shares of HOG are trading higher this morning after the company declared a first-quarter profit of $117.3 million, or 50 cents per share, on revenue of $1.29 billion. Excluding one-time items, HOG earned 59 cents per share, beating analysts' projections of 51 cents per share. Technical indicators for the stock are bearish and S&P gives HOG a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HOG the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
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