52-Week High & Low Stocks: CBOU, MRGE, CHUX, ADBE, AMSC, BGG
Thursday, August 11, 2021 3:50 PM



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


Caribous Coffee Co. (Nasdaq: CBOU) recorded a new 52-week high of $17.25 with a trading volume of more than 927 thousand shares. In its fiscal 2011 second quarter, the company recorded adjusted earnings of 13 cents per share, exceeding analysts’ estimate of 9 cents per share, and better than its FY2010 Q2 EPS of 7 cents. Shares added 5.16 percent or 84 cents to trade at $17.12.

Merge Healthcare Inc. (Nasdaq: MRGE) recorded an all-time high of $6.55, with a trading volume of more than 2.5 million shares as the company completed the acquisition of Ophthalmic Imaging Systems for nearly $30.3 million. Shares of Merge Healthcare jumped 10.20 percent or 60 cents to trade at $6.48 in the midday session.


O’Charley’s Inc. (Nasdaq: CHUX) slipped to an all-time low of $4.51 today after it reported net loss of $1.8 million, or 9 cents per share, compared to net loss of $2.5 million, or 12 cents per share a year ago. Analysts had forecasted a net loss of 5 cents per share for the company. The stock’s trading volume was 192 thousand shares. Shares added 1.16 percent or 6 cents to trade at $5.24 in the closing session.


Adobe Systems Inc. (Nasdaq: ADBE) recorded a new 52-week low of $22.67 with a trading volume of more than 7.5 million shares today. Yesterday, the company was downgraded by TheStreet Ratings from Buy to Hold. Shares of Adobe gained 5.96 percent or $1.36 to trade at $24.16 in the closing hours.


American Superconductor Corp. (Nasdaq: AMSC) recorded a new all-time low of $5.38 during the day’s trading. The stock’s trading volume was more than 1.10 million shares, compared to its average volume of 1.14 million shares. Today, the company revealed a 30 percent reduction in its global workforce, following efforts to better align costs with its revenue expectations. Shares added 0.83 percent or 5 cents to trade at $6.04.


Briggs & Stratton Corp. (NYSE: BGG) recorded a new 52-week low of $12.42 today, with a trading volume of more than 4.34 million shares. In its FY2011 Q4 declared today, the company posted a net loss of $17.8 million, or 36 cents per share, compared to a net profit of $18.2 million, or 36 cents per share, a year ago. Shares slumped 12.94 percent or $1.94 to trade at $13.05.


 

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