Notable 52-Week Highs and Lows of the Day 03/28: (PVH) (AAPL) (DVAX) High; (AONE) (SWSH) (CBK) Low
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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:
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52-Week High:
- PVH Corp. (NYSE: PVH) high of $92.34. After the market closed Tuesday, PVH reported fourth-quarter earnings of $1.18 per share on revenue of $1.53 billion, compared with consensus views calling for revs of $1.50 billion and EPS of $1.10.
Looking ahead, PVH sees first-quarter sales up 1 percent to 2 percent. For fiscal 2012, PVH expects earnings of $6.10 to $6.20 with sales flat to up 2 percent. The Street is looking for FY12 EPS of 6.03.
- Apple Inc. (Nasdaq: AAPL) high of $621.45. Despite Apple aiming to recoup iPad customers in Australia over claims of false advertising, shares continued 1.1 percent higher Wednesday to its new mark. Overall, markets are about a percent lower, including the Apple-heavy Nasdaq exchange.
- Dynavax Technologies (Nasdaq: DVAX) high of $4.89. Dynavax is making a confident move higher Wednesday following some comments from Jefferies saying, in part, ""We remain bullish on the diabetes opportunity and the prospects for a broad label indication for Heplisav. DVAX remains on track to file in the US in May." For more color on the call, click here.
- Amylin Pharmaceuticals (Nasdaq: AMLN) high of $23.50. Normally, M&A action doesn't make it to the list due to it being a one-time event, but Amylin is a juicy one. Earlier, it was reported that Amylin shunned Bristol-Myers Squibb's (NYSE: BMY) takeover bid of $22 per share last month.
For its part, Bristol-Myers is trading just 0.4 percent lower Wednesday following the headlines. None of the reports have been affirmed by either party.
- A123 Systems (Nasdaq: AONE) low of $1.17. A123 down another 15 percent following a release earlier in the week that it would be launching a $55 million buyback program for batteries produced at one of its Michigan facilities.
Analysts have also been commenting on A123 following the results.
- Swisher Hygiene (Nasdaq: SWSH) low of $2.60. Swisher lower following a report it filed to extend the due date on its Form 10-K "due to an ongoing internal review by Swisher Hygiene's Audit Committee primarily relating to possible adjustments to (1) the accounting for business acquisitions and (2) the calculation of the allowance of doubtful accounts receivable." Shares moved nearly 15 percent lower on the session.
- Christopher & Banks (NYSE: CBK) low of $1.85. After the market closed Tuesday, Christopher & Banks reported sales of $68.84 million for the nine weeks ended January 28th, 2012. The net loss totaled 89 cents per share.
- Peabody Energy Corp. (NYSE: BTU) low of $28.18. Peabody and other coal producers are sinking lower Wednesday following new U.S. regulation. Tuesday, the EPA passed regulation limiting the CO2 emissions allowed by power plants in the U.S.
Reuters noted that the rules "would set a standard well within the capability of modern gas-fired plants but impossible for coal-fired units to meet unless they employ (unproven) carbon capture and storage (CCS) technology."
Others hitting new lows include: Alpha Natural Resources (NYSE: ANR) and Arch Coal (NYSE: ACI).
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