A123 Systems, Inc. (AONE) NewsBite - Goldman Sachs Starts AONE at Neutral
Posted: Monday, November 16, 2009 11:25 AM EDT
By: Market Intelligence Center Staff
A123 Systems, Inc. (AONE) opened at $16.15. So far today, the stock has hit a low of $15.10 and a high of $16.24. AONE is now trading at $15.45, down $0.69 (-4.28%). Over the last 52 weeks the stock has ranged from a low of $15.10 to a high of $28.20. Goldman Sachs initiated coverage on AONE today, starting the stock at Neutral with a $14 price target. Technical indicators for the stock are bearish and S&P has not given the stock a stars ranking. If you are looking for a hedged play on AONE the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE (AONE) Stock ReportSee what our analysts have uncovered about (AONE).
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