Notable 52-Week Highs and Lows of the Day 10/14: MBI, ZAGG, JASO, SIGA High; APOL, CECO, JOE Low
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:
52-Week Low:
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52-Week High:
- MBIA Inc. (NYSE: MBI) high of $12.95. Seeing some buying today as banks across the land reevaluate their foreclosure proceedings. Shares made an impressive 15.7% to their new 52-week high today.
- ZAGG Incorporated (Nasdaq: ZAGG) high of $7.40. The company announced that they plan on exceed $20 million in revs for the third quarter, and now guides for full year 2010 revenue growth of 70%. The street is looking for Q310 sales of $14.6 million.
- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) high of $10.24. Making a big move today on positive news in the solar sector from SunPower (Nasdaq: SPWRA) and First Solar (Nasdaq: FSLR). Shares in the solar sector have been on quite a rally lately, shares of Evergreen Solar (Nasdaq: ESLR), for example, have gained 40% this week. Too much too soon?
- SIGA Technologies, Inc. (Nasdaq: SIGA) high of $13.67. Rallying following being granted a contract from the U.S. Department of Health and Human Services for the delivery of 1.7 million courses of its smallpox antiviral for the Strategic National Stockpile. The award is currently at $500 million, but could reach $2.8 billion if all options are exercised.
52-Week Low:
- Apollo Group Inc. (Nasdaq: APOL) low of $36.51. Shares taking a dive today following a forecast by the company that they will likely seea drop in enrollment at University of Phoenix in order to satisfy new government regulations.
- Career Education Corp. (Nasdaq: CECO) low of $16.36. See Apollo above. May for-profit education stocks are taking a dive today following the austere outlook.
- The St. Joe Company (NYSE: JOE) low of $19.56. Shares sank as hedge fund titan David Einhorn said that he was short the company. However, in a filing with the U.S. SEC today, Bruce Berkowitz disclosed that he had a 29% stake in the company. Still, shares dropped 11.7% to the low today, after closing 9.7% lower yesterday on the initial knee-jerk reaction from investors and traders following the statement by Einhorn.
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