Digital River (DRIV) NewsBite - DRIV Upgraded By Collins Stewart
Posted: Thursday, April 30, 2009 2:10 PM EDT
By: Market Intelligence Center Staff
Digital River (DRIV) was upgraded today by analysts at Collins Stewart and the stock is now at $37.83, up $1.48 (4.07%) on volume of 1,061,280 shares traded. The brokerage upgraded the stock to Hold from Sell. Over the last 52 weeks the stock has ranged from a low of $16.88 to a high of $45.45. Digital River stock has been showing support around $33.54 and resistance in the $38.10 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for DRIV. If you are looking for a hedged play on DRIV the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
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