Republic Services (RSG) NewsBite - RSG Rises on Q1 Earnings
Posted: Friday, May 01, 2009 11:45 AM EDT
By: Market Intelligence Center Staff
Republic Services (NYSE: RSG) opened at $21.65. So far today, the stock has hit a low of $21.42 and a high of $22.50. RSG is now trading at $22.40, up $1.40 (6.67%). Over the last 52 weeks the stock has ranged from a low of $15.05 to a high of $36.52. Shares of RSG are trading higher today after the company posted a first-quarter profit of $113.0 million or 30 cents per share, matching analysts' estimates. Technical indicators for the stock are bullish and S&P gives RSG a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RSG the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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