Notable 52-Week Highs and Lows of the Day 06/28: (CLGX) (CYH) (OREX) High; (ANTH) (ORBK) (MRVL) Low

June 28, 2012 1:51 PM EDT Send to a Friend
Get Alerts OREX Hot Sheet
Trade OREX Now!
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:
  • Orexigen Therapeutics (Nasdaq: OREX) high of $5.88. Orexigen up over 19 percent on the session as JPMorgan upgraded the stock from Neutral to Overweight earlier.

  • CoreLogic, Inc. (Nasdaq: CLGX) high of $18.70. CoreLogic moved about 7.5 percent at the start today following a boosted outlook for 2012.

    Its revenue expectation moves from $1.40 - $1.45 billion to $1.45 - $1.48 billion and adjusted EPS from $1.00 - $1.05 to $1.15 - $1.20. The Street sees sales of $1.42 billion and EPS of $1.05.

  • Community Health Systems, Inc. (NYSE: CYH) high of $28.76. Community Health higher following the SCOTUS saying Obamacare was constitutional. Shares ripped as high as 12.8 percent earlier following the initial ruling.

  • Ellie Mae, Inc. (NYSE: ELLI) high of $18.12. Ellie Mae up after announcing it priced a 3,101,638 common follow-on offering at $17 per share. Ellie Mae is offering 3,000,000 shares of common stock and certain of its directors and executive officers are offering 101,638 shares of common stock.
52-Week Low:
  • Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH) low of $. Anthera announced results from the Phase 2b PEARL-SC clinical study. The pre-specified primary efficacy endpoint, clinical improvement at 24 weeks in the SLE responder index for the pooled blisibimod dose groups, was not met due to a lack of clinical efficacy in the 100mg weekly and 200mg monthly dose groups. For more color, click here.

  • Orbotech (Nasdaq: ORBK) low of $6.43. Orbotech revised previously provided revenue guidance to cover a range of possible revenue outcomes.

    For the full year 2012, revenue guidance is revised to the range of $430 million to 450 million from $500 million; however, the Company still expects to meet the previously announced first half revenue guidance of approximately $200 million. The Street was looking for revs of $494.06 million.

    Shares fell about 32 percent for the session.

  • Marvell Technology Group (Nasdaq: MRVL) low of $10.87. Marvell and others in the segment lower following a warning issued by Hutchinson Technology (Nasdaq: HTCH) Wednesday that shipments in its fiscal third-quarter came in under expectations.

    Marvell slipped as much as 4.1 percent to its new low.



Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here



You May Also Be Interested In


Related Categories

Special Reports

Related Entities

JPMorgan

Add Your Comment