Sun Microsystems (NasdaqNM: JAVA) NewsBite - JAVA-ORCL Review Extended





Sun Microsystems (NasdaqNM: JAVA) opened at $9.15. So far today, the stock has hit a low of $9.15 and a high of $9.17. JAVA is now trading at $9.16, up $.15 (1.66%). The stock hit its 52-Week high of $11.20 in June of last year and set its 52-Week low of $2.60 in November. JAVA is higher today after regulators extended their deadline to review the proposed Oracle (ORCL) takeover of Sun. When the deadline passed last week, the outlook for the deal looked grim. Technical indicators for the stock are neutral and S&P gives JAVA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on JAVA the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Sun Microsystems (JAVA):

Sun Microsystems (JAVA) Trades To New 52 Week High

Monday, January 25, 2010... Sun Microsystems (NASDAQ: JAVA) hit a new 52-Week high of $9.48 so far today. Currently the stock is up $0.02 (0.16%) to $9.48 on 1,375,079 shares......

http://www.marketintelligencecenter.com/newsbites/1033207

A New High For Sun Microsystems (JAVA)

Tuesday, January 12, 2010... Sun Microsystems (NASDAQ: JAVA) hit a new 52-Week high of $9.43 so far today. Currently the stock is up $0.01 (0.11%) to $9.42 on 3,643,362 shares......

http://www.marketintelligencecenter.com/newsbites/1024689

Oracle (ORCL) NewsBite - ORCL Rises on Regulator's Comments

Thursday, December 10, 2009... Oracle (NASDAQ: ORCL) opened at $22.36. So far today, the stock has hit a low of $22.23 and a high of $22.59. ORCL is now trading at $22.57, up $0.48......

http://www.marketintelligencecenter.com/newsbites/1005319

Sun Microsystems (JAVA) NewsBite - Jobs Report Lifts JAVA

Friday, December 04, 2009... Sun Microsystems (NasdaqNM: JAVA) opened at $8.69. So far today, the stock has hit a low of $8.64 and a high of $8.74. JAVA is now trading at $8.72......

http://www.marketintelligencecenter.com/newsbites/1001861

Sun Microsystems (JAVA) NewsBite - JAVA Falls on EU Objection to Oracle Deal

Wednesday, November 04, 2009... Sun Microsystems (NasdaqNM: JAVA) opened at $8.20. So far today, the stock has hit a low of $8.20 and a high of $8.27. JAVA is now trading at $8.24......

http://www.marketintelligencecenter.com/newsbites/983370


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