Seattle Genetics SPIKES and 4 Stocks LOVING New 52-Week Highs
Brown Forman (NYSE:BFB): Jack Daniels maker Brown Forman approved a stock split on all its Class A and Class B common stock. The 3:2 split is proposed to paid out as a stock dividend, and is subject to a shareholders’ authorization at the annual meeting in July of an increase in the number of the company’s shares. The shares closed at $91.02, up $2.58 or 2.92 percent on the day. They have traded in a 52-week range of $N/A to $N/A.
Northeast Utilities (NYSE:NU): NSTAR, a group company and the largest privately owned electric and gas utility in Massachusetts, appointed World Energy Solutions (NASDAQ:XWES) as an approved contractor for its Municipal Program. The shares closed at $38.10, up $0.52 or 1.38 percent on the day. They have traded in a 52-week range of $30.02 to $37.83.
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Seattle Genetics (NASDAQ:SGEN): The shares rose in response to the company’s announcement of latest survival data from a crucial clinical trial of its ADCETRIS drug for patients suffering from relapsed or refractory Hodgkin lymphoma after autologous stem cell transplant. The figures from the trial showed that the median overall survival has not been reached even after a 26.5 month median follow-up. In a population of 102 patients, 33 percent patients saw complete remissions while the objective response rate was 75 percent. Side effects were noted as follows: peripheral sensory neuropathy (47 percent); fatigue (46 percent); diarrhea (36 percent); pyrexia (29 percent); upper respiratory tract infection (37 percent); nausea (42 percent); neutropenia (22 percent); cough (21 percent) and vomiting (22 percent). The shares closed at $25.23, up $0.7 or 2.85 percent on the day. They have traded in a 52-week range of $12.29 to $24.63.
Six Flags Entertainment (NYSE:SIX):The New York Times reported that Six Flags could be a beneficiary from the sale of production company Dick Clark Productions, in which it holds a stake. Dick Clark has reportedly hired an investment bank to find buyers for itself. The shares closed at $50.18, up $0.23 or 0.46 percent on the day. They have traded in a 52-week range of $24.72 to $50.77.
Verizon Communications (NYSE:VZ): Verizon’s deal with cable operators has been called in question by seven House Democrats – according to The Hill, they have written a letter to regulators warning of the deal’s adverse effects on competition. The shares closed at $43.75, up $0.76 or 1.77 percent on the day. They have traded in a 52-week range of $32.28 to $43.25.
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