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Notable 52-Week Highs and Lows of the Day 11/16: DKS, MAT, COST, TIII High; MELA, PHHM, RINO, MI Low

November 16, 2010 3:18 PM EST
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:
  • Dick's Sporting Goods Inc. (NYSE: DKS) high of $34.18. Dick's had a third quarter earnings report with an EPS of $0.22 and revs of $1.08 billion, topping consensus estimates calling for an EPS of $0.17 and revs of $1.04 billion. Dick's also increased their FY10 outlook from $1.46 - $1.49 to $1.56 - $1.58, compared to the consensus looking for $1.48 per share. Raymond James upgraded shares to Market Perform as well.

  • Mattel Inc. (NYSE: MAT) high of 25.24. Its unfortunate that the stock market is in the red today, because Mattel should be trading higher just 7% today. Yesterday, after the market closed, Mattel authorized a $500 million increase to their common stock repurchase program and boosted their annual dividend by 10.7% to $0.83.

  • Costco Wholesale Corporation (Nasdaq: COST) high of $66.40. COST made an interesting midday rally today, moving up about over a percent, or about $1.00, to a new 52-week high on a spike of volume. No news was tied to the move, though shares are still hovering around the $66 mark.

  • Tii Network Technologies, Inc (Nasdaq: TIII) high of $2.11. Moving higher today on a significant jump in volume as Tii Network produced a solid third quarter yesterday. Shares jumped 25%, and have continued higher, popping another 20% to a new high today.
52-Week Low:
  • MELA Sciences, Inc. (Nasdaq: MELA) low of $2.80. Shares getting pummeled today, down 56% at their trough, as FDA briefing documents were posted ahead of an FDA advisory panel MelaFind on November 18. The FDA staff said MelaFind hasn't been adequately studied as a skin-cancer diagnostic tool and therefore may put the public health at risk.

  • Palm Harbor Homes Inc. (Nasdaq: PHHM) low of $0.18. Definitely notable today, as volume is about 4,000x normal as the company reported a second quarter EPS of $0.48 per share, wider than ($0.45) reported for Q210. Revs were shy at $66.3 million, from $74.8 million reported for the same period last year. Comments from CEO Larry Kleener about potential strategic alternatives for the company may be driving the shares.

  • RINO International Corporation (Nasdaq: RINO) low of $7.05. Following a third quarter earnings report which saw lowered FY10 guidance, shares are continuing their downward pressure along with overall market conditions. RINO lowered their FY10 revenue outlook yesterday from $221 - $229 million to $203 - $211 million, versus the consensus of $222.99 million.

  • Marshall & Ilsley Corporation (NYSE: MI) low of $4.97. Started seeing some selling pressure late Monday, following the company's 13F filing with the U.S. Securities and Exchange Commission. Value of the portfolio, at $6.066 billion, was a 13.4% increase from the prior quarter, but only up 9.9% from Q309.



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