Notable 52-Week Highs and Lows of the Day 10/13: SIRI, SIGA, LDK, DFS UNP High; CRA Low

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SIRI 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:

SIRIUS XM Radio Inc. (Nasdaq: SIRI) high of $1.44. Shares moving 6.7% higher to the new high today as the company reported that they have added 334,727 net subs during the third quarter of 2010, a significant jump from the 102,295 added for Q309. The first three quarters of 2010 saw additions of 1,089,417, compared to a loss of 488,126 for the first three periods of 2009.
SIGA Technologies, Inc. (Nasdaq: SIGA) high of $12.39. The stock is exploding today following the receipt of a contract from the U.S. Department of Health and Human Services for the supply of a smallpox antiviral to the nation's Strategic National Stockpile. The award is hinging on pending resolution of issues relating to SIGA's status with the Small Business Administration. The base contract could generate revs of $500 million, but could be as much as $2.8 billion if all options are exercised. The market cap of the company was about $391 million yesterday at the close.
LDK Solar Co., Ltd. (NYSE: LDK) high of $12.17. No real news on the recent run-up in the solar sector, though recent increases in crude oil prices as well as announcements of increased orders are beefing up stocks across the sector. Shares of LDK jumped 9.2% to a new high, and it appears to be climbing higher with the broader market.
Discover Financial Services (NYSE: DFS) high of $17.65. Major credit card companies moving higher today following J.P. Morgan reporting a 6.6% increase in credit card spending for the third quarter ended in September. Chase reporting that spending on their credit cards in the quarter reached $79.6 billion, compared to $74.7 billion for the same period in 2009, and $78.1 billion last quarter.
Union Pacific Corporation (NYSE: UNP) high of $87.14. Seeing some upside from CSX (NYSE: CSX) third quarter earnings.

52-Week Low:

Celera Corporation (NYSE: CRA) low of $5.61. Seeing some real selling pressure today below the $6.00 mark, though there appeared to be a little bit of a resistance point at the $6.20 level. Volume is about 4x the trailing three-month average. The stock started on a strong downward line following the resignation of their CFO earlier in the month.

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