Notable 52-Week High's and Low's of the Day 09/29: JASO/LDK, FDO, OCLR, AMZN High; SAY Low

FREE Breaking News Alerts from StreetInsider.com!

JASO Hot Sheet

Overall Analyst Rating:
NEUTRAL ( Down

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:

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) high of $9.26. Shares of solar companies like JASO, LDK Solar (NYSSE: LDK), and Yingli Green Energy (NYSE: YGE), are all trading up at least 4% (though LDK is north of 7%, and also hit a new 52- week high of 10.84). Shares might be rallying from a stronger euro and bullish comments from Xie Zhenhua, who is vice chairman of China's National Development and Reform Commission, saying that China would implement measures to spur environmental and power conservation over the next several years. HSBC cut thei ratings on a number of solar stocks yesterday, though no reaction came from the sector.
Family Dollar Stores Inc. (NYSE: FDO) high of $45.10. Icing on the September rally-cake for FDO is a solid earnings report, propelling the stock 4% to a new 52-week high. Not only did the company beat EPS estimates ($0.56 vs. $0.51 consensus), but they provided a good outlook and authorized a $750 million common stock buyback. Click here for more color.
Oclaro, Inc. (Nasdaq: OCLR) high of $16.47. Miller Tabak increased its outlook on the optical sector this morning, and boosted its price target on Oclaro from $17 to $25 and strongly reiterated a Buy rating. The company also filed an amended 8-K related to their acquisition of Mintera Corp.
Amazon.com Inc. (Nasdaq: AMZN) high of $161.78. Another boost today as the company announced that they would be launching their Kindle for your web browser. The beta only allows people to read the first chapter of a book, but should allow people to read and share entire novels. Shares were up 1.3% early today, but have slipped into the red this afternoon.

52-Week Low:

Satyam Computer Services Ltd. (NYSE: SAY) low of $3.96. Taking a tumble today as the company made their first financial report since September 2008. Reports were delayed due to a major corporate scandal (the CEO had been overstating profits for years) that led to the sale of control of the company to Tech Mahinda. The company reported a net loss of INR1.25 billion, from INR81.77 billion one year earlier.

Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!