Liz Claiborne (LIZ) NewsBite - LIZ Rises on JCP Deal

Liz Claiborne (NYSE: LIZ) opened at $5.90. So far today, the stock has hit a low of $5.80 and a high of $6.75. LIZ is now trading at $6.58, up $1.38 (26.54%). Over the last 52 weeks the stock has ranged from a low of $1.46 to a high of $14.39. Shares of LIZ are trading higher today after the company signed an exclusive distribution deal with J.C. Penney Co. (JCP), under which JCP will be the sole department-store outlet for LIZ's Liz Claiborne and Claiborne brands. Technical indicators for the stock are bearish and S&P gives LIZ a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on LIZ the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 5 range.

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