Back to Main

Blue Harbor declares and adds to CACI stake

By: InvestorsObserver
Posted: 12/6/2013 1:04:00 PM
Referenced Stocks: CACI

Bobby Raines 12/06/2013

Blue Harbour Group, which declared a greater than 10% stake in CACI International ( CACI ) on Dec. 2, added an additional 17,144 shares to its holdings on Dec. 4. At $71/84 per share, Blue Harbor paid a total of $1,232,779.

IK-> The technicals for CACI ($73.10 up $0.45) are bullish with a neutral trend. Recent support has been around $71.78 and recent resistance has been around $73.81. Standard & Poor's has a two STARs (out of five) rating on the stock. Look at the March 60/65 bull-put spread for a 30-cent credit. That's a 6.38% return and the stock has to fall 11.1% to cause a problem.  [InvestorsKeyhole, Various news and data services]