As the US market remained volatile during the afternoon trading, several stocks recorded a new 52-week high/low. Some notable stocks are discussed here.
52-Week Highs:
Baidu Inc (Nasdaq: BIDU) recorded a new 52-week high of $142.79 today, with a trading volume of 5.1 million shares amid reports that the search engine intends to acquire a small-scale English-language search engine company to improve its English language search capabilities. The stock's average trading volume was 6.7 million shares.
Coleman Cable Inc (Nasdaq: CCIX) hit a new all-time high of $9.96 as the company completes the acquisition of the Designers Edge Inc. The stock's trading volume was 86 thousand shares compared to its average volume of 64 thousand shares.
Ducommun Inc (NYSE: DCO) recorded a new 52-week high of $26.08 today as the company plans to acquire LaBarge Inc for nearly $340 million. The stock's trading volume was 234 thousand shares compared to its average volume of 54 thousand shares.
Epicor Software Corp. (Nasdaq: EPIC) hit a new 52-week high of $12.57 amid reports that the company has received a $2 billion buyout offer from Apax Partners LLP. The stock's trading volume was 10 million shares compared to its average volume of 755 thousand shares.
52-Week Lows:
Jiangbo Pharmaceuticals Inc (Nasdaq: JGBO) slipped to a new 52-week low of $3.20 today, with a trading volume of 101 thousand shares. The stock's average trading volume was 51 thousand shares. The company has appointed Bernstein & Pinchuk LLP as its new independent auditor.
SkyPeople Fruit Juice Inc (Nasdaq: SPU) recorded a new all-time low of $3.40 today. The stock's trading volume was 411 thousand shares compared to its average volume of 186 thousand shares. The company has declared an increase in its Q4 net income to $11.2 million from $10.2 million a year ago.
Paragon Shipping Inc (NYSE: PRGN) hit a new 52-week low of $2.73 today, with a trading volume of $2.73 today. The stock's average trading volume was 487 thousand shares. The company's stock has received a Neutral rating from Zacks Investment Research.