|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||6.59 / 12.93|
In recent trading, shares of Bankrate Inc have crossed above the average analyst 12-month target price of $10.12, changing hands for $10.35/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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Bankrate (RATE) late yesterday reported stronger-than-expected results for the 2016 third quarter and hiked its revenue guidance for 2016.
Investors considering a purchase of Bankrate Inc stock, but cautious about paying the going market price of $7.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $5 strike, which has a bid at the time of this writing of 25 cents.
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November 3, 2016 at 5:00 P.M. Eastern Time
As the consumer review site implements a turnaround effort and sees more board restructuring, its M&A story is becoming more complicated, and a logical suitor professes disinterest.