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Notable 52-Week Highs and Lows of the Day 11/01: AVNR, LVS, JKS, FTNT High; ANPI, FHN, PCBC, MDAS Low


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November 1, 2010 3:35 PM EDT
AVNR Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

EPS Growth %: -8.3%
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:
  • Avanir Pharmaceuticals (Nasdaq: AVNR) high of $5.80. Absolutely ripping to a new 52-week high after reporting that they received FDA approval for NUEDEXTA as the first treatment for pseudobulbar affect. Pseudobulbar affect, or PBA, occurs secondary to a number of unrelated neurological condition, and is characterized by involuntary, sudden, and frequent episodes of laughing and/or crying. Last Friday, the stock saw some unusual movement after plummenting 40% in about one minute, but shares have been well over 100% better today since Friday's close.

  • Las Vegas Sands Corp. (NYSE: LVS) high of $47.48. May be seeing some upside today attributed to data Macau's Gaming Inspection and Coordination Bureau showing record gambling revenues of 18.87 billion patacas ($2.36 billion) in the month of October. Shares rose about 3.5% today.

  • JinkoSolar Holding Co., Ltd. (NYSE: JKS) high of $37.34. Moving in the opposite direction of most solar stocks today, Jinko reported a third quarter EPS of $1.75, 79 cents better than the analyst estimate of $0.96. Revenue for the quarter was $215 million, which compares to the estimate of $153.22 million. Sees Q4 sales of $210-$220 million, versus the consensus of $162.44 million. Raises FY sales guidance to $638-$648 million, from $500-$525 million and the consensus of $529.5 million.

  • Fortinet Inc. (Nasdaq: FTNT) high of $36.77. Rumors earlier that FTNT was in talks to be acquired by IBM (NYSE: IBM) shot the stock over 2% to a new 52-week high. Fortinet has since denied the rumors.
52-Week Low:
  • Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) low of $0.2623. Dropped today as the company guided revenue expectations from FY10 - FY13. Click here for the numbers. Investors may have been expecting more, though the numbers suggest a CAGR of 12.8%.

  • First Horizon National Corp. (NYSE: FHN) low of $9.35. Fell midday today following an SEC filing in which the company disclosed that it has been subpoenaed by the conservator for 2 GSE investors. The company says that it is currently unable to determine a probable loss for this item, and that a reserve has yet to be set up.

  • Pacific Capital Bancorp (Nasdaq: PCBC) low of . Could be seeing a new low today following a report that the bank successfully tendered 100% ($50 million) of their Subordinated Debenture due 2014, but only 50% ($18 million) of their 9.22% Subordinated Bank Notes due 2011.

  • MedAssets, Inc. (Nasdaq: MDAS) low of $17.38. Started trending lower midday today following a press release that stated "Northeast Alabama Regional Medical Center (RMC) of Anniston, Ala., has signed a multi-year spend management agreement with the company, including group purchasing (GPO) services and physician preference item (PPI) consulting, in order to reduce costs and engage physicians in the supply cost management and margin improvement process."


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