Notable 52-Week Highs and Lows of the Day 11/29: (INHX) (MAGS) (MO) High; (BAC) (RIG) (SFL) Low

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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:

Inhibitex, Inc. (Nasdaq: INHX) high of $13.94. Inhibitex jumped 22 percent on the session after it reported eported top-line safety and antiviral data from an ongoing Phase 1b extension trial of INX-189, which is designed to further evaluate the safety, tolerability, pharmacokinetics and antiviral activity of various doses of INX-189, administered as monotherapy or in combination with RBV, for seven days in treatment-naïve patients infected with chronic HCV genotype 1. In the ongoing trial, 100 mg INX-189, dosed once-daily for seven days in combination with RBV, continued to demonstrate potent and dose-dependent synergistic antiviral activity with a median HCV RNA reduction from baseline of -3.79 log10 IU/mL. Further, 100 mg INX-189 in combination with RBV was well tolerated and there were no serious adverse events. For comparison purposes, in a clinical trial completed earlier this year, 100 mg INX-189 dosed as monotherapy once-daily for seven days resulted in a median -2.53 log10 IU/mL reduction in HCV RNA levels. In this same clinical trial, the Company also reported antiviral data indicating that INX-189, when dosed once-daily at 9 and 25 mg in combination with RBV for seven days, demonstrated dose-dependent, synergistic antiviral activity.
Magal Security Systems Ltd. (Nasdaq: MAGS) high of . Magal literally moved 83 percent to its new high after it reported swing to earnings of 61 cents per share in its third-quarter, with revenue of $27.7 million.
Altria Group Inc. (NYSE: MO) high of $28.20. Altria is one of three big tobacco companies hitting a new 52-week high Tuesday. The others are Reynolds American (NYSE: RAI) at $41.13 and Philip Morris (NYSE: PM) at $75.45.

52-Week Low:

Bank of America Corp. (NYSE: BAC) low of $5.10. BofA tapping its new 52-week low after dropping 2.9 percent Tuesday. No direct word on the financial sector, which is largely mixed Tuesday, but a meeting of EU finance ministers is keeping investors on edge.
Transocean Ltd. (NYSE: RIG) low of $41.95. Transocean announced it was commencing a 26 million common share offering today. Transocean intends to use the net proceeds from the share offering to partially refinance its acquisition of Aker Drilling ASA, which was initially financed through the use of available cash and the assumption of Aker's outstanding debt. In particular, the equity offering would replenish cash that would be applied to the expected approximate $1.7 billion in aggregate repurchase by Transocean Inc. of its 1.50% Series B Convertible Senior Notes due December 2037.
Ship Finance (NYSE: SFL) low of $9.20. Ship Finance moving lower after Moody's downgraded the company's ratings to B1 this morning, saying the rating might be cut further.