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Stocks on 52-Week Highs (APSG, AZO, EST, ORLY, SCOP, TIL)

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By Douglas A. McIntyre Updated Published
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The stock market may be hitting lows not seen in more than a decade.  What is amazing is that there are actually several companies hitting 52-week highs today.  Companies featured are Applied Signal Tech (NASDAQ: APSG), AutoZone Inc. (NYSE: AZO), Enterprise Acquisition Corp. (EST), O’Reilly Automotive (NASDAQ: ORLY), Scopus Video Networks Ltd. (NASDAQ: SCOP), and Trans-India Acquisition Corp. (TIL).

Applied Signal Tech (NASDAQ: APSG) has already backed off of highs considerably, but this hit $20.95 early this morning.  Its prior 52-week trading range was $10.73 to $20.79. Intelligence, surveillance, and reconnaissance.

AutoZone Inc. (NYSE: AZO) has again gotten back to new 52-week highs after the retailer and distributor of automotive replacement parts and accessories posted a 9% gain in earnings.  Keeping your old car means more repairs.  This hit $157.49, and the 52-week range had been $84.66 to $148.50.

Enterprise Acquisition Corp. (EST) is a SPAC which recently terminated a merger with WF Capital Holdings.  It will still seek to pursue a business combination with a target business prior to November 7, 2009.  This matched its 52-week high of $9.54 on very thin volume.

O’Reilly Automotive (NASDAQ: ORLY) traded as high as $33.88 today, and its prior 52-week trading range was $20.00 to $33.80.  The news, look no further than AutoZone….

Scopus Video Networks Ltd. (NASDAQ: SCOP) is a micro-cap that hit the $5.55 high today, and its range had been $2.95 to $5.55.  It looks like this may just be an HDTV play as it is involved in digital video networking solutions that enable network operators to offer advanced video services to their subscribers.

Trans-India Acquisition Corp. (TIL) is a bit odd that it would be on highs considering that it is a SPAC which has pursued to liquidate.  It hit $8.01 today on thin volume and its 52-week range was $6.95 to $7.96.

JON C. OGG
MARCH 3, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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