Notable 52-Week Highs and Lows of the Day 06/19: (ALU) (CYTK) (NVDA) High; (TTEK) (PANW) Low
Alcatel-Lucent (NYSE: ALU) $2.01. Alcatel higher after announcing its three-year plan to return more value to shareholders. The company is targeting â¬1 billion in reductions to its cost structure and asset sales of at least â¬1 billion.
Cytokinetics, Inc. (Nasdaq: CYTK) $2.03. After markets closed Tuesday, Amgen (Nasdaq: AMGN) disclosed a 11,909,406 share stake in Cytokinetics, up from its previous position of 3,484,806 shares.
NVIDIA (Nasdaq: NVDA) $15.48. NVIDIA confidently higher after announcing a shift in its business model with plans to license GPU technology. For more color on the change, click here.
Spreadtrum Communications Inc. (Nasdaq: SPRD) $23.90. Spreadtrum moving higher once again following strong guidance issued last week. The stock has moved over 26 percent from a close of $18.95 on June 12th (also a finish higher). Tetra Tech, Inc. (Nasdaq: TTEK) $22.57. Tetra Tech hit after reporting that it expected higher restructuring costs tied to Eastern Canadian and mining operations in the third quarter 2013. The company also announced at $100 million repurchase plan. For more color on the outlook, click here.
Palo Alto Networks (NYSE: PANW) $41.01. Palo Alto off to a sluggish start Wednesday, causing the stock to hith another 52-week low one day after Goldman downgraded the stock to Buy. The stock closed 3.6 percent lower Tuesday. For more on the Goldman move, click here.