Regions Financial (RF) NewsBite - Bailout Hopes Boost RF
Thu. October 02, 2008; Posted: 02:45 PM
Oct 02, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- Regions Financial (NYSE:
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PowerRating) opened at $11.00. So far today, the stock has hit a low of $10.79 and a high of $13.59. RF is now trading at $12.75, up $2.33 (22.36%). Over the last 52 weeks the stock has ranged from a low of $6.41 to a high of $31.26. RF shares are rising with other regional banks today on hopes Congress may approve a revised financial-sector bailout plan. Technical indicators for the stock are neutral and S&P gives RF a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RF the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 7.50 range.
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For full details on Regions Financial Corp (RF)
click here. Regions Financial Corp (RF) has Short Term PowerRatings of 5. Details on Regions Financial Corp (RF) Short Term PowerRatings is available at
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