Rare 52-Week Highs During Weak Market (FUN, LNG, HITK, MGAM, SPPI, TASR)
Outside of those crazy inverse and negative-inverse ETFs, it is odd when you see non-M&A stocks hitting 52-week highs during a multi-day broad market sell-off. This is a time when investors are skittish over international news out of Europe ahead…
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Outside of those crazy inverse and negative-inverse ETFs, it is odd when you see non-M&A stocks hitting 52-week highs during a multi-day broad market sell-off. This is a time when investors are skittish over international news out of Europe ahead of a time when most market participants are taking a 4-day or even 5-day holiday. Still, here are a few…
Cedar Fair L.P. (NYSE: FUN) hit a year high of $22.78 today and shares are up1.4% at $23.40. Jim Cramer touted this one on Monday evening as having no real Europe and international exposure.
Cheniere Energy, Inc. (AMEX: LNG) is surging on news of its new 20-year supply pact. While shares are “only” up 3.4% at $11.87 on double the normal volume.
Hi-Tech Pharmacal Co., Inc. (NASDAQ: HITK) hit a $39.50 year high today and shares are currently up 4.4% at $39.39.
Multimedia Games Inc. (NASDAQ: MGAM) is up 3.75% at $7.20 and the stock hit a high of $7.24 after earnings.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) is up 2.5% again at $13.17 and shares hit a new high of $13.22 on continued interest after yesterday’s news that the FDA simplified the approval for Zevalin.
Taser International, Inc. (NASDAQ: TASR) hit a year high of $6.11 today and shares are up 2.9% at $6.04 in mid-day trading.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
