by Alyssa Oursler | December 7, 2012 10:56 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Shares of AFLAC (NYSE:AFL) have been climbing steadily since a low in early June and a slight gain today has the stock sitting at a new 52-week high. You can snatch up the stock for $53.81 per share now — a 25% year-to-date gain.
The upwards movement boosted AFLAC’s market cap to more than $25 billion this week, giving it the #121 spot on the list of S&P 500 components with largest market cap over Exelon Corp. (NYSE:EXC).
Plus, the company also confirmed its Q4 and full-year guidance earlier in the week. It expects operating earnings between $1.46 and $1.51 per share for the current quarter, and between $6.58 and $6.63 for the year.
AFLAC is scheduled to report earnings on Jan. 29 of next year. In the third quarter, it beat estimates by 11 cents per share.
Youku Tudou (NASDAQ:YOKU), on the other hand, missed on quarterly earnings by 11 cents late last month, but enjoyed a 94% gain in revenue. The recently merged Chinese online video company is in the red nearly 3% this morning, though, with many pointing to the controversy over Chinese auditing fraud that took place earlier in the week.
Youku was just one of many Chinese Internet companies that tumbled on the news. Chinese search engine Baidu (NASDAQ:BIDU), for one, also fell, but competition from smaller rival Qihoo (NASDA:QIHU) may be to blame.
Youku’s value ran up to nearly $32 in March on news of a movie deal with Lions Gate Entertainment (NYSE:LGF) and of the aforementioned merger. Since then, the shareprice has been more than halved, sitting at under $15 currently and at a new 52-week low. Shares are in the red around 2% for the year.
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-127/
Short URL: http://invstplc.com/1fvDQwR
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.