Werner Enterprises (WERN) NewsBite - JBHT Earnings Pull Down WERN
Posted: Wednesday, July 15, 2009 11:11 AM EDT
By: Market Intelligence Center Staff
Werner Enterprises (NasdaqNM: WERN) opened at $19.19. So far today, the stock has hit a low of $18.35 and a high of $19.19. WERN is now trading at $18.62, down $0.35 (-1.85%). Over the last 52 weeks the stock has ranged from a low of $12.59 to a high of $28.78. WERN shares are declining this morning after competitor JB Hunt (JBHT) reported a second-quarter adjusted profit of 23 cents per share, missing analysts' forecasts of 31 cents per share. This could be a bad sign for WERN. Technical indicators for the stock are neutral and S&P gives WERN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WERN the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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