Tuesday, September 25, 2007

BloggingStocks Suggests Ed Zander may Step Down as Motorola CEO

From yesterday's BloggingStocks:

Renewed and unconfirmed chatter is circulating that Motorola Chairman and CEO Edward Zander may step down. RBC Capital Markets says "We're upgrading MOT to Outperform based on our view MOT is displaying firming trends in its once beleaguered handset division." RBC Capital Markets has a $21 price target on MOT. MOT call option volume of 27,010 contracts compares to put volume of 8,124 contracts. MOT October option implied volatility of 30 was near its 26-week average of 29 according to Track Data, suggesting non-directional risk.Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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