Harman International Industries (HAR) NewsBite - HAR Jumps On Q1 Earnings Report
Posted: Friday, October 30, 2009 11:17 AM EDT
By: Market Intelligence Center Staff
Harman International Industries (NYSE: HAR) opened at $37.52. So far today, the stock has hit a low of $37.50 and a high of $40.33. HAR is now trading at $39.77, up $6.77 (20.52%). Over the last 52 weeks the stock has ranged from a low of $9.17 to a high of $37.52. HAR shares are on the move today following the company's first-quarter earnings report last night. HAR posted a loss of $9 million or 14 cents per share, but the company's adjusted earnings came in at 5 cents per share. Analysts had forecast a loss of 23 cents per share. Technical indicators for the stock are bearish and S&P gives HAR a negative 1 STARS (out of 5) strong sell ranking. If you are looking for a hedged play on HAR the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Harman International Industries (HAR) Stock ReportSee what our analysts have uncovered about Harman International Industries (HAR).