MidnightTrader Analyst Play: Washington Mutual
Washington Mutual
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PowerRating) closed down 3.5% at 2.73, about where it stood late in pre-market action.
The stock initially gained in pre-market trading, but was down some 4.5%, to 2.73, just ahead of the opening bell. The action followed a report that Goldman Sachs
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PowerRating) raised its rating on WaMu to Neutral from Sell.
A look back on the analyst moves we’ve tracked, including today, the stock is mixed with its share performance from pre-market trading to the regular session following an analyst ratings change; it’s widened three times, narrowed twice and once matched its early move during regular trading.
9/12/08 Pre-Market: -4.5% at 2.73; 9/12/08 Regular Session: -3.5% at 2.73 – Goldman raises to Neutral.
4/8/08 Pre-Market: -11.8%; 4/8/08 Regular Session: -10.1% – Keefe Bruyette
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PowerRating) downgrade to Underperform from Market Perform.
12/13/07 Pre-Market: decline to 15.20; 12/13/07 Regular Session: -3% at 15.58 – Bank of America
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PowerRating) downgrade to Sell.
11/27/07 Pre-Market: modest gainer in pre-market: 11/27/07 Regular Session: +3% at 17.31 – Punk Ziegel raises rating to Market Perform from Sell.
10/18/07 Pre-Market: down in early session, less than reg. session; 10/18/07 Regular Session: -7.8% at 30.50 – Friedman Billings
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PowerRating) downgrades to Underperform from Market Perform.
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