Notable 52-Week Highs and Lows of the Day 01/08: (PERI) (NCT) (CELG) High; (ALLT) (AU) Low

January 8, 2013 2:33 PM EST
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:
  • Perion Network Ltd. (Nasdaq: PERI) $12.47. Perion issued guidance for the fourth-quarter and fiscal 2013 reporting periods. Fourth-quarter revs are expected to double to $21 million, according to the company. Click here for more color.

  • Newcastle Investment Corp. (NYSE: NCT) high of $9.95. Newcastle priced a larger 50 million common offering at $9.35 per share. The company announced plans to acquire mortgage servicing rights on Monday.

  • Celgene Corp (Nasdaq: CELG) high of $90.71. Celgene getting an extra boost as Piper Jaffray and RBC Capital upgraded the stock today. The move came following strong guidance issued on Monday.

  • The Medicines Company (Nasdaq: MDCO) high of $29.29. Medicines Co reported that its pivotal Phase 3 clinical trial of cangrelor met its primary endpoint.
52-Week Low:
  • Allot Communications (Nasdaq: ALLT) low of $13.15. Allot's rating was lowered by Wedbush from Outperform to Neutral. The firm also docked its price target on Allot by $11 to $17 per share. For more color on the call, click here.

  • AngloGold Ashanti Ltd. (NYSE: AU) low of $28.95. AngloGold seeing some pressure as CEO Mark Cutifani is abandoning ship for greener pastures at Anglo American Plc (OTCBB: AAUKY).

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Piper Jaffray, RBC Capital

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