by Alyssa Oursler | November 26, 2012 10:28 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Fidelity National Financial (NYSE:FNF) has had a stellar year, with its stock gaining nearly 50% since January. In fact, a recent bump has sent FNF to a new 52-week high just under $24. In the past month alone, the stock has posted a double-digit gain.
A good chunk of that climb came thanks to Fidelity’s strong Q3 earnings, reported early in the month. The company posted an EPS of $1.03 per share, blowing away estimates of 44 cents. Revenue also climbed 70% year-over-year.
The company has grown revenue and earnings every quarter so far this year. FNF also recently raised its quarterly payout 14%, making for a yield of 2.7%.
Syntroleum Corp. (NASDAQ:SYNM) also reported earnings earlier in November, but things weren’t so pretty. The company reported a $1 million net loss for the last three months, hurt mostly by its joint venture Dynamic Fuels.
The partnership with Tyson Foods (NYSE:TSN) to produce renewable diesel from animal fats and greases lost $5.7 million in the nine months ending June 30. Overall, Syntroleum has logged annual net losses in three of the last five years.
This year has been particularly ugly on the stock side of things, too. Since January, SYNM has lost around 53% of its value and currently trades at a 52-week low around 46 cents.
That’s problematic considering that a $1 share price is required to be listed on the Nasdaq. The company was threatened to be delisted in the summer and recently asked for another extension. There is talk of a reverse stock split to help buoy the share price.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.
Source URL: https://investorplace.com/2012/11/stocks-at-new-highs-new-lows-for-1126/
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