Loading...
Loading...
shares are trading lower by $0.60 at $25.16 in Monday's session. Earlier in the session, market chatter of activist involvement had the issue in the green, but as nothing has materialized the issue has been drifting lower.
The issue approached a major support level at the $25 area. At that level, it put in a pairs of $25.02 last week. In addition, it put in a quad of lows from November 13-18 in between $24.90 and $25.16.
The $24.90 represents its lowest level since it did not impress the Street with its Q3 report.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in