FMR Corp picks up 27,168 shares of Generac

By Bobby Raines,

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Bobby Raines 07/07/2014

FMR Corp., which already controls more than 10% of the shares of Generac Holdings ( GNRC ) bought 27,168 shares of that company's common stock on July 1. At $47.04 per share, FMR paid a total of $1,277,982.72 for the shares.

IK-> The technicals for GNRC ($46.68 down $1.34) are bullish with an upward trend. Recent support has been around $46.27 and recent resistance has been near $49.52. Standard & Poor's does not follow the stock. Look at the Aug. 38/42 bull-put spread for a 25-cent credit. That's a 6.7% return and the stock has to fall 10.0% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: GNRC

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