by Alyssa Oursler | November 9, 2012 10:44 am
Here are the details on one stock hitting a new 52-week high, and one finding a new 52-week low today:
Gold mining shares collectively moved higher on Thursday, with Yamana Gold (NYSE:AUY) seeing the biggest gains. The company, which engages in the exploration, development, and production of gold, is now sitting pretty at a new 52-week high.
Shares are currently trading at $20.19.
Both gold and silver have been climbing higher in the wake of the market’s recent downturn. The Dow posted its worse day of the year on Wednesday, for example, dropping 313 points in the wake of Obama’s re-election.
Gold, on the other hand, advanced Thursday on rising investor confidence that said re-election will mean a continuation of current federal efforts to stimulate the U.S. economy.
Shares of AUY have climbed 38% year-to-date.
Shoemaker Crocs (NASDAQ:CROX) plummeted on the heels of its third-quarter report at the end of last month. Today, a slight slide right after the bell was the icing on top of that drop and sent the stock to a new 52-week low around $12.
The most recent cause for concern was its weak fourth-quarter outlook. Despite the fact that earnings grew by around 50% in Q3, news that the company only expected to break even during this period sent investors running.
The company also said earlier this week that it was planning to offer fewer promotions during the holiday season — a move that seems to smell a little of desperation and could be problematic as competitors like Wolverine Worldwide (NYSE:WWW) and Skechers (NYSE:SKX) continue to load up on discounts.
Since January, the one-time growth darling has lost around 18% of its value. Since its peak popularity back in 2007, the stock has shed more than 80% of its value.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.
Source URL: http://investorplace.com/2012/11/stocks-at-new-highs-new-lows-for-119/
Short URL: http://investorplace.com/?p=257292
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.