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Post Properties (PPS) NewsBite - Morgan Keegan Starts PPS at Underperform

Oct 28, 2009 (Fresh Brewed Media via COMTEX) --

Company: Post Properties, Inc. (PPS)

Post Properties (NYSE: PPS) opened at $16.47. So far today, the stock has hit a low of $15.85 and a high of $16.66. PPS is now trading at $16.14, down $0.37 (-2.24%). Over the last 52 weeks the stock has ranged from a low of $8.99 to a high of $22.32. PPS shares are declining today after Morgan Keegan initiated the stock at Underperform. Technical indicators for the stock are neutral and S&P gives PPS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PPS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 17.50 range.

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News Provided by COMTEX

Company: Post Properties, Inc. (PPS)


Related terms: nyse, S&P

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