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NCR logoNCR Corporation (NCR) shares were rising today after the company announced in the morning that it acquired DVDPlay, which operates approximately 1,300 DVD rental kiosks in the U.S. and Canada. Financial terms of the deal were not disclosed. NCR plans to convert DVDPlay-branded kiosks to its Blockbuster Express-brand, a revenue-sharing operation with Blockbuster Inc. (BBI). If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NCR.

NCR opened this morning at $9.45. So far today the stock has hit a low of $9.42 and a high of $9.87. As of 12:05, NCR is trading at $9.80 up 0.49 (5.3%). The chart for NCR looks bullish and S&P gives NCR a positive 4 STARS (out of 5) buy ranking.

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NCR rises on DVDPlay acquisition originally appeared on BloggingStocks on Thu, 10 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

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