Priceline.com (PCLN) NewsBite - PCLN Gets Added to S&P 500

Posted: Friday, October 30, 2009 9:53 AM EDT

Priceline.com (NasdaqNM: PCLN) opened at $167.31. So far today, the stock has hit a low of $164.48 and a high of $167.67. PCLN is now trading at $164.95, up $2.28 (1.40%). Over the last 52 weeks the stock has ranged from a low of $46.95 to a high of $180.46. PCLN shares are rising today after Standard & Poor's announced it will add the stock to its S&P 500 index, replacing Schering-Plough (SGP). Technical indicators for the stock are neutral and S&P gives PCLN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PCLN the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 140 range. [ABR-Seven Summits Strategic Investments NewsBite]

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