Here’s one stock hitting a 52-week high and one finding a 52-week low today:
New High: TiVo
Shares of TiVo (NASDAQ:TIVO) have climbed almost 2% this morning, sending shares to a 52-week high just under $13. Since a low in mid-July, the stock has climbed more than 60%. It’s up 40% year-to-date.
The jump today came as Goldman Sachs analyst Perry Huang issued a “Buy” rating for the company with a $15 price target. He wrote, “We view TiVo as a leading vendor well positioned to target consumers who desire a premium viewing experience in the digital living room and on mobile devices.”
Of course, the stock has still lost more than 65% since going public in 1999. In fact, today’s high is less than a quarter of the company’s share price in early 2000.
TIVO, which last reported in late November, reports earnings again in February.
New Low: MICROS Systems
Enterprise information solutions company MICROS Systems (NASDAQ:MCRS) is in the red more than 2% this morning, bringing its year-to-date losses to over 14% and sending shares to a 52-week low just under $40. That’s also more than 30% off from the stock’s high in early May.
The drop came despite analyst views that emerging Apple (NASDAQ:AAPL) iPad-based point of sale systems do not pose a significant threat to the company in the restaurant segment.
In late October, the company also beat analyst estimates by 4 cents.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.