Oshkosh Truck (OSK) NewsBite - OSK Suspends Dividend
Posted: Thursday, April 30, 2009 11:21 AM EDT
By: Market Intelligence Center Staff
Oshkosh Truck (NYSE: OSK) opened at $11.37. So far today, the stock has hit a low of $10.01 and a high of $11.37. OSK is now trading at $10.50, down $1.74 (-14.22%). Over the last 52 weeks the stock has ranged from a low of $3.85 to a high of $42.59. OSK are trading lower today after the company announced it will suspend its quarterly dividend in order to preserve cash. Technical indicators for the stock are neutral and S&P gives OSK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on OSK the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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