Notable 52-Week Highs and Lows of the Day 11/28: (SPPI) (PNRA) High; (SINA) (TX) (WG) Low

November 28, 2011 2:55 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:
  • Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) high of $13.55. Spectrum has had quite a November, closing higher 12 of 19 sessions, reaching new annual highs almost daily. Shares have also nearly doubled in value since the start of October, when the stock was near $7 per share.

  • Panera Bread Co. (Nasdaq: PNRA) high of $139.75. Panera hasn't made a progressive move similar to Spectrum. Strong third-quarter numbers and 2012 outlook helped Panera jump almost 14 percent at the end of October, a level it's been more than happy to keep.
52-Week Low:
  • Sina Corp. (Nasdaq: SINA) low of $56.05. Sina investors succumbed to chatter that Muddy Waters will be issuing a report on the company, causing shares to plop over 11 percent. Muddy has since denied the rumor, but the stock is still down 5.7 percent late Monday.

  • Ternium S.A. (NYSE: TX) low of $16.43. Ternium fell nearly 15 percent to the new mark today, following a release saying it entered into share purchase agreements with Camargo CorrĂȘa, Votorantim and Caixa dos Empregados Usiminas, pursuant to which it expects to acquire, together with its Argentine subsidiary Siderar and Confab Industrial S.A., a subsidiary of Tenaris S.A., 139.7 million ordinary shares of Usinas Siderurgicas de Minas Gerais SA - USIMINAS, or 27.7% of the voting capital, at a price of BRL36 per ordinary share (approximately $19), which represents a premium of approximately 41% to Usiminas' ordinary share last-six-months average U.S. dollar price.

    Ternium and Siderar will finance their BRL4.1 billion share (approximately $2.2 billion) with cash on hand and debt.

  • Willbros Group Inc. (NYSE: WG) low of $3.14. Willbros has seen it's drop accelerate since the start of November, after an earnings miss on November 6th. The stock is down over 43 percent since a recent high of $5.53 on October 28th.


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