Filed under: Major movement, Bad news, Industry, Options, Technical Analysis, Time Warner Cable (TWC)

Time Warner Cable (NYSE: TWC - option chain) stock is falling today after company CEO Glenn Britt stated at an investor conference that the company is seeing a continued slowdown in subscriber growth. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on TWC.

This morning, TWC opened at $30.98. So far this day the stock has hit a low of $29.96 and a high of $31.26. As of 12:05, TWC is trading at $30.09, down $1.64 (-5.2%). The chart for TWC looks bullish and S&P gives TWC its highest 5 STARS (out of 5) strong purchase ranking.

Continue reading Time Warner Cable (TWC) CEO sees even slower growth

Time Warner Cable (TWC) CEO sees even slower growth originally appeared on BloggingStocks on Fri, 29 May 2009 13:00:00 EST. Please see our terms for use of feeds.

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This entry was posted on Friday, May 29th, 2009 at 11:55 pm and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.