Hansen Natural (HANS) NewsBite - HANS Rises on Economic Optimism
Posted: Thursday, September 17, 2009 10:06 AM EDT
By: Market Intelligence Center Staff
Hansen Natural (NasdaqNM: HANS) opened at $33.48. So far today, the stock has hit a low of $33.04 and a high of $34.66. HANS is now trading at $34.52, up $1.29 (3.88%). Over the last 52 weeks the stock has ranged from a low of $20.52 to a high of $44.02. Shares of HANS are rising with other stocks this morning after a better-than-expected jobs reports cheered investors' mood about the economy. The Labor Department reported that initial jobless claims fell to a seasonally adjusted 545,000 last week. Analysts were expecting initial claims to rise to 555,000. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for HANS. If you are looking for a hedged play on HANS the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 27 range. [ABR-Seven Summits Strategic Investments NewsBite]
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