52-Week High Club (NCST, SMD)

Posted: November 11, 2009 at 4:21 pm

NUCRYST Pharmaceuticals Corp. (NASDAQ: NCST) rose over 70% to a yearly high of $1.70.  Its rise was driven by the news that Smith & Nephew Plc (NYSE: SNN) has agreed to buy nearly all of NUCRYST’s assets.  

Smithfield Foods Inc. (NYSE: SMD) rose over 9% to a yearly high of $17.34.  The pork processor was raised to a “buy” by analysts at Deutsche Bank AG.

Garrett W. McIntyre

Read more: Biotech, Food, ,