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Notable 52-Week Highs and Lows of the Day 07/12: (ANX) (PCYC) (EXPE) High; (TSL) (JASO) (ESLR) Low

July 12, 2011 3:22 PM EDT
ANX Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +30.8%
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:
  • Adventrx Pharmaceuticals, Inc. (AMEX: ANX) high of $4.15. Shares literally took off on June 20th, as Rodman & Renshaw hiked its price target on Adventrx from $4.50 to $16. Despite the bullish sentiment, Adventrx shares aren't even at the $4.50 price target yet.

  • Pharmacyclics Inc. (Nasdaq: PCYC) high of $12.22. Pharmacyclics has moved powerfully above the previous $8.50 resistance level, which it got above in mid-June. The stock is up 43 percent since then, and nearly 9.5 percent on the session today.

  • Expedia Inc. (Nasdaq: EXPE) high of $30.91. Expedia is moving higher today, along with peers, as it's deal with Groupon, Groupon Getaways, is going live.
52-Week Low:
  • Trina Solar Ltd. (NYSE: TSL) low of $16.90. Trina is lower following reports that its audit committee chairman, Peter Mak, resigned. With all the jitteryness surrounding Chinese companies trading in the U.S. lately, investors may be taking extra precaution.

  • JA Solar Holdings Co., Ltd. (Nasdaq: JASO) low of $4.39. JA Solar is continuing lower today, after closing 4.7 percent lower yesterday, following a downgrade at Jefferies. Overall weakness is infiltrating the solar sector as well, with Trina also hitting a 52-week low, and Claymore/MAC Global Solar Index (NYSE: TAN) down about 2.7 percent.

  • Evergreen Solar Inc. (Nasdaq: ESLR) low of $0.3803. Evergreen is also adding to solar weakness, with the following choice segment coming from an SEC filing yesterday warning of what might happen should its common stock be delisted from trading on the Nasdaq: "In the event that the Company’s common stock is delisted, the holders of its existing convertible notes will have the right to require the Company to repurchase their notes, which it is almost certain the Company would be unable to do." In short, bondholders may get nothing upon delisting. Shares moved over 37 percent to the new low.



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