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Barchart
Barchart
Mark R. Hake, CFA

NASDAQ Stock is Up - Still Worth Buying Here?

A month ago, Nasdaq, Inc. (NDAQ) reported strong free cash flow and a +13% dividend hike. Since then, NDAQ stock is up as we recommended in a prior Barchart article. One way to play is to Short out-of-the-money put options. That provides a lower buy-in target as well as extra income.

NDAQ is at $82.05 in midday trading on Monday, May 19. This is up from a recent low of $66.40 on April 8, but below its 6-month peak of $83.76 on Feb. 6.

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