Bankrate (RATE) NewsBite - RATE Downgraded By Jefferies & Co.

Posted: Friday, July 31, 2009 1:45 PM EDT

Bankrate (RATE) was downgraded today by analysts at Jefferies & Co. and the stock is now at $28.69, down $0.22 (-0.76%) on volume of 406,806 shares traded. The brokerage reduced the stock to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $15.77 to a high of $41.92. Bankrate stock has been showing support around $28.40 and resistance in the $29.66 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for RATE. We will just watch this one for now. There are no hedged trades we like the look of for RATE. [ABR-Seven Summits Strategic Investments NewsBite]

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