Rosetta Stone (RST) NewsBite - RST Downgraded By Jefferies & Co.
Posted: Friday, November 06, 2009 1:47 PM EDT
By: Market Intelligence Center Staff
Rosetta Stone (RST) was downgraded today by analysts at Jefferies & Co. and the stock is now at $18.44, down $2.07 (-10.08%) on volume of 864,733 shares traded. The brokerage downgraded RST to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $19.34 to a high of $32.97. Rosetta Stone stock has been showing support around $19.32 and resistance in the $21.40 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for RST. If you are looking for a hedged play on RST the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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