Here’s one stock hitting a 52-week high and one finding a 52-week low today:
New High: Regal Entertainment Group
Shares of movie theater company Regal Entertainment Group (NYSE:RGC) have moved steadily upwards over the last month, bringing the stock a new 52-week high around $16. Since January, the stock has gained an eye-popping 43%.
The company jumped on board the latest trend and declared a special cash dividend of $1 per share yesterday. Experts also expect this year to see the first annual box office increase in North American in three years.
“The Hobbit,” which comes out on Dec. 14, is being touted as the movie that could give numbers the final boost needed to lift ticket sales above the $10.6 billion record set in 2009.
Regal reported earnings late last month, posting an EPS of 17 cents that was in line with analyst estimates, along with a nearly 7% drop in year-over-year revenue.
New Low: Zumiez
Zumiez (NASDAQ:ZUMZ) reported solid Q3 earnings this morning with an EPS of 51 cents — 4 cents better than analysts were expecting — and an impressive 17% gain in revenue year-over-year. Unfortunately, the company’s Q4 guidance was below expectations and investors were quick to jump ship.
Shares have shed around 10% since the open, bringing the company’s year-to-date plummet over 30%. Since a high in late June, the company’s value has been more than cut in half.
ZUMZ hit a new 52-week low just over $18 as a result of today’s dismal drop.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.