Notable 52-Week Highs and Lows of the Day 08/06: (PSTI) (KFT) (AOL) High; (TSN) (GEVO) (ALC) Low

August 6, 2012 3:09 PM EDT Send to a Friend
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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:
  • Pluristem Therapeutics, Inc. (Nasdaq: PSTI) high of $4.23. Pluristem popping 28 percent on the session Monday following a news release earlier that its Placental eXpanded (PLX) cells provided positive results in a lymphoma cancer patient by stopping bone marrow loss.

  • Kraft Foods Inc. (NYSE: KFT) high of $41.50. Jefferies boosted its rating on Kraft from Hold to Buy, boosting its price target from $41 up to $48 based on a sum-of-part analysis.

  • AOL Inc. (NYSE: AOL) high of $33.98. AOL moving higher on headlines earlier that it settled certain aspects of its patent litigation with Vringo (AMEX: VRNG).

    The move comes following stronger than expected Q2 results reported last week.
52-Week Low:
  • Tyson Foods Inc. (NYSE: TSN) low of $14.20. Pork and chicken giant Tyson Foods reported third-quarter 2013 earnings today, missing views by five cents per share. Guidance for its Q4 and FY13 were better than expected, however, ebbing some of the downside.

  • Gevo, Inc. (Nasdaq: GEVO) low of $3.41. Earlier, Gevo said it will file today a motion for preliminary injunction against Butamax Advanced Biofuels LLC (Butamax) and E.I. du Pont de Nemours and Company (DuPont) (NYSE: DD) to immediately stop ongoing infringement by Butamax and DuPont of a Gevo patent covering the production of isobutanol with genetically engineered microorganisms. Shares took a sharp turn lower, indicating that it may have filed the preliminary injunction then.

  • Assisted Living Concepts, Inc. (NYSE: ALC) low of $10.61. Assisted Living slumping after filing an 8-K with the U.S. SEC disclosing that "[it] estimates that the hiring of approximately 800 additional employees will increase operating expenses from the second quarter of 2012 to the third quarter of 2012 by approximately $5 to $6 million." Shares fell 17.5 percent on the session Monday.



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