52-Week High & Low Stocks: TIN, MIND, TLB, SNE, CPY
Tuesday, June 07, 2021 2:00 PM

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As the US market remained poised to close Tuesday’s trading on a positive note, several stocks recorded a new 52-week high/low. Some notable stocks are discussed here.

Temple-Inland Inc. (NYSE: TIN) recorded a new 52-week high of $29.97 today, as the company adopted a shareholder-rights plan in response to $3.38 billion acquisition bid by International Paper Co. Temple-Inland declared a dividend distribution of a preferred share purchase-rights for each common share. The stock’s trading volume was more than 20 million shares. Shares of Temple-Inland jumped 42.31 percent or $8.89 to trade at $29.90 in the mid-day session.

Mitcham Industries Inc. (Nasdaq: MIND) recorded a new all-time high of $16.44 with a trading volume of more than 376 thousand shares as it recorded 61 percent increase in its fiscal first-quarter total revenue to $26.5 million from $16.5 million. The company reported an increase in its Q1 net income to $6.1 million, or 58 cents per share, up from $2.4 million, or 24 cents per share a year earlier. Shares gained 5.59 percent or 81 cents to trade at $15.30.

Talbots Inc. (NYSE: TLB) slipped to a new 52-week low of $2.62 as it registered an 8.2 percent decline in its same store sales in its Q1. Consolidated comparable sales fell 7.7 percent during the quarter. The company reported net income of $739 thousand, or 1 cent a share, reversing a net loss of $4.37 million, or 8 cents per share a year earlier. The stock’s trading volume was in excess of 30 million shares. Shares slumped 38.69 percent or $1.71 to trade at $2.71 in the mid-day session.

Sony Corp. (NYSE: SNE) recorded a new 52-week low of $25.25 with a trading volume of 745 thousand shares. The company plans to integrate its businesses with Toshiba for small and midsize liquid-crystal display panels for mobile devices. Shares of Sony were down 1.55 percent or 40 cents to trade at $25.36.

CPI Corp. (NYSE: CPY) slipped to a new 52-week low of $13.65 today, with a trading volume of more than 219 thousand shares, as it registered 89 percent decline in its fiscal first-quarter profit to $747 thousand, or 11 cents per diluted share, from $6.5 million, or 91 cents per share a year earlier. It reported 7 percent decline in its revenue to $88.6 million. Shares were down 1.51 percent or 39 cents to trade at $25.37.

 

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