Stocks at New Highs, New Lows for 12/19

by Alyssa Oursler | December 19, 2012 11:06 am

Here’s one stock hitting a 52-week high and one finding a 52-week low today:

New High: Mattel

Shares of Mattel (NASDAQ:MAT[1]) gained more than 1% this morning, bringing the stock to a new 52-week low just under $38. That’s a 37% climb from its $27 share-price back in January.

In October, the toy stock reported an EPS of $1.04[2], besting the consensus by 5 cents. The company also recorded quarterly sales of $2.08 billion, up 4% from last year. Investors have undoubtedly been drawn to the company’s solid 3.3% dividend as well.

Mattel is set to report Q4 earnings on Jan. 31 of the new year.

New Low: Cereplast

Cereplast (PINK:CERP[3]) has shed almost 3% this morning as investors continue to flee in the wake of yesterday’s official move from the Nasdaq to the OTC market. Shares have now hit a 52-week low under 4 cents as a result.

It’s been an ugly year for the bio-based resins company. Cereplast has lost more than 96% of its value since January.

As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.

Source URL: http://investorplace.com/2012/12/stocks-at-new-highs-new-lows-for-1219/
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