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Notable 52-Week Highs and Lows of the Day 10/18: PIP, AAPL, IBM, AGN Higher; TSTR, HRB, GMR, CASH Lower

October 18, 2010 3:19 PM EDT
PIP Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)
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:
  • PharmAthene, Inc. (NYSE: PIP) high of $4.96. The move in the stock today is related to Siga's (Nasdaq: SIGA) smallpox antiviral award with the government that is worth up to $2.8 billion. PharmAthene is suing Siga for its claim on a partnership for the smallpox antiviral drug. PIP also received an upgrade from WBB Securities from Buy to Strong Buy, with a price target increased to $6.

  • Apple Inc. (Nasdaq: AAPL) high of $319.00. Surging ahead of their fourth quarter earnings report after the market today to another all-time high. It should be noted that their lower-end of the analyst price target consensus is $320.

  • International Business Machines Corp. (NYSE: IBM) high of $143.03. Also hitting a new high ahead of their third quarter earnings report, expected out after the market today.

  • Allergan Inc. (NYSE: AGN) high of $72.98. Shares making a move higher today as they reported that the U.S. FDA has approved BOTOX (onabotulinumtoxinA) for the prophylactic (preventive) treatment of headaches in adults with Chronic Migraine, a distinct and severe neurological disorder characterized by patients who have a history of migraine and suffer from headaches on 15 or more days per month with headaches lasting four hours a day or longer. Shares moved 6% to the new high.
52-Week Low:
  • TerreStar Corporation (Nasdaq: TSTR) low of $0.161. Dropping about 59.8% to a new low today, as the WSJ reported on Sunday that the company may be seeking Chapter 11 protection. The WSJ, citing people familiar with the matter, said that, laboring under $1 billion in debt, a filing was expected as early as Sunday. The satellite smart phone company may be aiming to turn some of the debt into equiry through a filing.

  • H&R Block, Inc. (NYSE: HRB) low of $10.90. Lower today after making a statement that they would not be able to provide customers with refund loans next year due to a dispute with HSBC Holdings Plc. HRB said, in an SEC filing today, that they filed a complaint in the United States District Court for the Eastern District of Missouri for injunctive relief against HSBC Bank USA, National Association and certain of its affiliates.

  • General Maritime Corp. (NYSE: GMR) low of $3.90. Seeing some weakness today as Cantor Fitzgerald downgraded the shares from Buy to Hold, with a price target lowered from $7 to $5. Cantor notes a revised tanker forecast and outlook for the change.

  • Meta Financial Group, Inc. (Nasdaq: CASH) low of $14.67. Still continuing lower following a filing last week stating that there will be new OTS regulations on MetaBank which may adversely impact the business.



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