Stocks at New Highs, News Lows for 12/3

by Alyssa Oursler | December 3, 2012 10:33 am

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

New High: Visa

Shares of Visa (NYSE:V[1]) are up slightly after the open, sending the stock to a new 52-week high. Shares are now worth just over $150 — nearly 50$ more than they were worth when the year kicked off.

The company got a slight boost early in November when it reported earnings 4 cents better than analysts were expecting. Revenue also rose nearly 15% year-over-year in the fourth quarter.

The company also made news today when its Chief Marketing Officer sold 15,000 shares for nearly $2 million.

New Low: Generex Biotechnology

Shares of Generex Biotechnology (PINK:GNBT[2]) have lost a whopping 74% so far this year, sending shares to a 52-week low of under 4 cents. The company shed nearly 10% in one day late last month after announcing a secondary stock offering.

For more big news in the sector, check out InvestorPlace‘s weekly Biotech Movers[3] roundup.

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

Endnotes:
  1. V: http://studio-5.financialcontent.com/investplace/quote?Symbol=V
  2. GNBT: http://studio-5.financialcontent.com/investplace/quote?Symbol=GNBT
  3. Biotech Movers: http://investorplace.com/hot-topics/biotech-movers/

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