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Notable 52-Week Highs and Lows of the Day 09/06: (VRUS) (BTH) (AUY) High; (UBS) (ING) (MET) Low

September 6, 2011 3:16 PM EDT
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:
  • Pharmasset, Inc. (Nasdaq: VRUS) high of $70.49. Pharmasset is moving higher today after reporting sustained virologic response (SVR) results from its phase 2b PROTON study with PSI-7977 400 mg dosed once daily in combination with peginterferon alfa 2a and ribavirin (Peg-IFN/RBV) in subjects with hepatitis C virus (HCV) genotype 1 who have not been treated previously. 43 out of 44 (98%) evaluable subjects achieved an SVR12, defined as HCV RNA below the limit of detection (<15 IU/mL) 12 weeks after the completion of treatment. All enrolled subjects will be followed to determine SVR24, the primary efficacy endpoint of the study. Shares moved almost 10 percent to the new high.

  • Blyth, Inc. (NYSE: BTH) high of $67.49. Blyth report a second-quarter loss of $0.18 per share, versus ($0.05) reported last year. Revenue for the quarter came in at $185.5 million, versus $157.9 million reported last year. Blyth sees fiscal 2012 earnings of $2.23 to $2.43 and include a loss of approximately $0.80 per share for discontinued operations arising from the sale of Midwest-CBK and the exit of Boca Java, as well as $0.27 per share for charges related to the ViSalus equity incentive plan. This compares to prior fiscal year 2012 earnings per share guidance of $2.10 to $2.30. The loss from discontinued operations is higher than previous guidance of $0.70 due to an adjustment for taxes and other costs. The stock moved 27.2 percent ot its new high.

  • Yamana Gold, Inc. (NYSE: AUY) high of $17.44. Yamana isn't making a huge move higher, but it doesn't have to. Eight of the top ten volume leaders hitting a new 52-week high are related to either silver or gold. Traders and investors still trying to position themselves as European fears rise up once more.
52-Week Low:
  • UBS AG (NYSE: UBS) low of $12.05. UBS, along with many of its European bank brethren, is taking a hit today as the debt-contagion trade is back.

  • ING Groep NV (NYSE: ING) low of $6.95. ING is moving on European debt news.

  • MetLife, Inc. (NYSE: MET) low of $28.84. Insurers in the U.S. are also seeing some sell off on potential exposure to European markets. MetLife moved 6.3 percent on the session.

  • STMicroelectronics NV (NYSE: STM) low of $5.61. STMicro could be moving lower as peer Fairchild Semiconductor (NYSE: FCS) cut its third-quarter outlook. STMicro was down as much as 11 percent Tuesday.


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