OpenTable Falls 12% on Barclays' Downgrade

by Benzinga Staff
July 2, 2012 3:06 PM | 24 seconds read | Make a Comment

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Shares of OpenTable (NASDAQ: OPEN) are seeing increased weakness during Monday's trading session after Barclays downgraded the company to "Equal-weight" from "Overweight".The downgrade comes after Barclays' checks hint at further weakness in reservations going forward. Barclays also stated that OpenTable could miss consensus revenues for its upcoming second-quarter.OpenTable provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.Currently, shares of OpenTable are trading down over 11.5% at $39.68 per share.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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