Vmware (VMW) NewsBite - Buy Rating Boosts VMW
Posted: Thursday, August 27, 2009 11:07 AM EDT
By: Market Intelligence Center Staff
Vmware (NYSE: VMW) opened at $34.00. So far today, the stock has hit a low of $33.95 and a high of $34.77. VMW is now trading at $34.19, up $0.99 (2.98%). Over the last 52 weeks the stock has ranged from a low of $17.25 to a high of $40.26. VMW shares are rising this morning after analysts at AmTech Research initiated the stock at Buy with a $40 price target. Technical indicators for the stock are bearish and S&P gives VMW a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on VMW the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Vmware (VMW) Stock ReportSee what our analysts have uncovered about Vmware (VMW).