Red Hat Inc RHT shares are trading higher by $2.31 at $81.17 in Friday's session. A Q3 beat of a penny with inline sales and slightly higher guidance propelled the issue to a new all-time high.
After opening at its former all-time high ($83), it continued to rally before finding sellers at $83.99 and reversing course. So far, the ensuing decline has taken the issue to $80.45 before rebounding back over $81.
In order to post a new all-time closing high, the issue must close above its November 25 high ($82.52).
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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