52-Week High & Low Stocks: TRU, COBR, PKT,XIDE, TRGT, QNST
Tuesday, November 08, 2021 1:44 PM



During the day's trading, several stocks recorded a new 52-week highs or lows. Some notable stocks are discussed here.

Torch Energy Royalty Trust (Nasdaq: TRU) recorded a new 52-week high of $6.30 with trading volume of more than 328,801 shares. The company announced sale of the Trust’s net profits interests in certain fields from the Cotton Valley and Austin Chalk formations in Texas and the Chalkley field in Louisiana. Shares gained 42.17 percent, or $1.75, to trade at $5.90.

Cobra Electronics Corp. (Nasdaq: COBR), a provider of mobile communication products, recorded a new 52-week high of $4.39 with trading volume of more than 33,259 shares. The company reported a 350 percent increase in quarterly operating profit to $2.3 million. Shares gained 18.78 percent, or $0.68, to trade at $4.30.

Procera Networks, Inc.  (AMEX: PKT), a broadband services provider, recorded a new 52-week high of $14.38 with a trading volume of more than 900,593 shares. The company reported quarterly net profit of $2.0 million from a loss of $0.7 million last year. Shares gained 16.48 percent, or $1.95, to trade at $13.78.

Exide Technologies (Nasdaq: XIDE), a lead-acid battery manufacturer and seller, recorded a new 52-week low of $2.98 with trading volume of 3.9 million shares. The company reported an quarterly operating income of $21.2 million down from $26.3 million for last year quarter. Shares decreased 31.25 percent, or $1.40, to trade at $3.08.

Targacept, Inc.(Nasdaq: TRGT), a biopharmaceutical company , recorded a new 52-week low of $7.93  with trading volume of more than 11 million  shares. Shares declined over news of failed phase three clinical trials of antidepressant drug molecule TC-5214. Shares lost 57.01 percent, or $10.90, to trade at $8.22.

QuinStreet, Inc.(Nasdaq: QNST), a vertical marketing and online media company, recorded a new 52-week low of $8.91 with trading volume of more than 1.4 million shares. The company reported a 2 percent decline in revenue to $101.2 million. Shares lost 18.02 percent, or $2.00, to trade at $9.10.

 

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