Wednesday, November 13, 2013

Red Hat (RHT) Gets Upgraded

Red Hat (RHT) 52-week low currently is $41.89 hit on 2013.10.19. Since that 52-week low, RHT's highest close had been yesterday (02013.11.12) at $44.60. Today (02013.11.13), research firm Piper Jaffray upgraded RHT to 'Overweight' from 'Neutral' and RHT ended the day at $46.37 (up almost 4% for the day). Volume was 5.45 million versus 1.85 million. I still consider RHT a pricey stock, but I think it's worth more than $46.37.

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