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Notable 52-Week High's and Low's of the Day 09/16: SVNT, AZC, DTV, OPEN High; CHP, FBP, MDAS Low

September 16, 2010 3:30 PM EDT
SVNT Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

EPS Growth %: -157.9%
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:

  • Savient Pharmaceuticals, Inc. (Nasdaq: SVNT) high of $20.54. Though notably quaggy going into the close today, SVNT shares spiked to achieve a fresh 52-week high today, riding the positive Krystexxa approval wave. SVNT did get a downgrade from Oppenheimer today, from Outperform to Perform, though no color was given from the firm.

  • Augusta Resource Corp. (NYSE: AZC) high of $3.75. Surging higher today as the company announced that their subsidiary has entered an Earn-In Agreement with a Korean consortium, whereby the consortium will acquire a 20% joint venture interest in AZC subsidiary's copper molybdenum project in Pima County, Arizona. AZC will be paid $176 million for the deal.

  • DIRECTV (NYSE: DTV) high of $41.28. Not up significantly higher today, but the acquisition by Calix (Nasdaq: CALX) of Occam Networks (Nasdaq: OCNW) might be providing a boost to the tech stocks today.

  • OpenTable, Inc. (Nasdaq: OPEN) high of $67.25. Investors were loving OpenTable's $55 million acquisition of toptable.com, and the company received an upgrade from Merriman Curhan Ford from Neutral to Buy today. Shares are up 3.58% into the close.


52-Week Low:

  • C&D Technologies, Inc. (NYSE: CHP) low of $0.17. C&D is receiving some serious selloff, about 17% today, as investors are speculating about the quality of the company's earnings reports following a Business Insider article.

  • First Bancorp (NYSE: FBP) low of $0.30. Continuing lower from yesterday, as the company filed a $500 million common shelf with the U.S. SEC today. The stock fell 10.5% yesterday, and dropped 11.8% to a new low today.

  • MedAssets, Inc. (Nasdaq: MDAS) low of $18.10. Another stock continuing lower. The stock began a selloff on Tuesday, after announcing the $850 million acquisition of The Broadline Group. Volume today is elevated as well, at nearly twice the three-month daily average.



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