Bon-Ton Announces Corporate RESTRUCTURING and 4 Stocks Hitting 52-Week Highs

The Bon-Ton Stores (NASDAQ:BONT) revealed in a filing that on August 29, the company decided that the position of Chief Operating Officer was no longer necessary and that, as a result of such change, the employment of the Company’s current COO, Barbara J. Schrantz, would be terminated beginning on September 14. The shares closed at $10.49, up $0.53 or 5.32% on the day. They have traded in a 52-week range of $2.23 to $10.19.

Medivation (NASDAQ:MDVN) along with Astellas Pharma confirmed that the U.S. Food and Drug Administration granted approval to XTANDI capsules for the treatment of patients with metastatic castration-resistant prostate cancer who have received docetaxel in the past. XTANDI is an oral, once-daily androgen receptor inhibitor, and Medivation and Astellas predict they will make XTANDI available to patients in the United States in mid-September 2012. The specific availability date is to be announced as soon as it is decided. Also, a Marketing Authorization Application for XTANDI was accepted for review by the European Medicines Agency. The shares closed at $104.86, up $7.44 or 7.64% on the day. They have traded in a 52-week range of $15.49 to $103.89.

Marathon Petroleum (MPC): The U.S. DOE is to loan 1 million barrels of reserve oil to Marathon Petroleum (MPC) following problems with one of its refineries in relation to Hurricane Isaac, Reuters reports. The shares closed at $51.75, up $0.94 or 1.85% on the day. They have traded in a 52-week range of $26.35 to $50.99.

Pacific Premier Banc (NASDAQ:PPBI) has labeled Jeff C. Jones as Chairman, beginning on August 29. The shares closed at $9.01, down $0.24 or 2.59% on the day. They have traded in a 52-week range of $5.50 to $9.33.

Collective Brands (NYSE:PSS) reports a Q2 revenue totaling $886 million, consensus $901.2 million. EPS might not be comparable to consensus. Collective Brands is being acquired by a consortium including of Wolverine World Wide (NYSE:WWW), Blum Capital Partners, and Golden Gate Capital. The shares closed at $21.64, down $0.02 or 0.09% on the day. They have traded in a 52-week range of $11.38 to $21.67.

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