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:
Shares of Visa (NYSE:V) 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.
Shares of Generex Biotechnology (PINK:GNBT) 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 roundup.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.
Source URL: http://investorplace.com/2012/12/stocks-at-new-highs-news-lows-for-123/
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