Let’s take a look at one stock hitting a new 52-week high, and one finding a new 52-week low today:
New High: Taiwan Semiconductors
Shares of Taiwan Semiconductor (NYSE:TSM), which have been on their way up since late July, continued to climb this morning as analysts at Goldman Sachs upgraded the company from a “neutral” rating to a “conviction buy.”
The stock gained more than 1% right after the bell, sending it to a new high just under $17 and bringing its total year-to-date gains to more than 28%.
The company — the world’s biggest contract chipmaker — has been on a solid streak. Late last month, it posted a record third-quarter profit thanks to increased demand in China.
More recently, the company reported that sales in October hit a new high. The company boasted revenue of $1.17 billion for the month — a jump of around 15% month-over-month and 33% year-over-year.
Taiwan Semiconductors has expressed reservations about its performance for the final two months of the year, though. The company expects sales to dwindle some thanks to inventory adjustments.
New Low: Strayer Education
For-profit school Strayer Education (NASDAQ:STRA) took a hit Monday morning on the heels of its Q3 report. The stock lost nearly 5% not long after the market opened. STRA now trades at a 52-week low of just over $44 — 54% off its $97 price-tag at the start of the year.
The company posted an EPS of 36 cents per share — 4 cents above the consensus — but that was a significant slip from the $1.20 per share it made a year ago. The top line also dwindled a dismal 9%, while enrollment dipped 5% in the fall term.
Strayer is not alone in its struggles. The industry is being slowed by increased regulations in the face the high drop-out rate and record levels of debt its students face. Plus, there is increased competition across the education landscape.
Apollo Group (NASDAQ:APOL), DeVry (NYSE:DV) and Corinthian College (NYSE:COCO) all plunged on Friday. Career Education Cor (NASDAQ:CECO) and Bridgepoint Education (NYSE:BPI) lost 4% and 3% respectively this morning on the heels of Strayer’s slip.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.