MidnightTrader Analyst Play: Schering-Plough
Schering-Plough
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SGP |
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PowerRating) closed up 4.4% at 22.32, ahead of the gain to 21.60 in the pre-market session after Lehman Brothers raised the issue to Overweight from Equal Weight.
In four analyst rating changes MidnightTrader has tracked, including today, SGP has extended its pre-market move during the regular session three times and narrowed that move once.
7/15/08 Pre-Market: up at 21.80; 7/15/08 Regular Session: +4.4 at 22.32 – Lehman Brothers raised to Overweight from Equal Weight.
2/13/08 Pre-Market: +2% at 22.31; Regular Session: +1% at 22.04 – Banc of America Securities raised rating to Buy from Neutral.
12/21/07 Pre-Market: +2.67%; 12/21/07 Regular Session: +3.78% at 27.19 – Lehman Brothers upgraded to Overweight from Equal Weight.
5/4/07 Pre-Market: firmer; 5/4/07 Regular Session: +2.7% at 32.97 – Prudential upgraded to Overweight.
Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.