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Market Overview

New 52-Week High Stocks –SLXP,TA,ZOOM,CHTP,MOT

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Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) crossed earlier 52-week high of $13.99 and touched a new 52-week high at $21.34 in today’s morning trade. Currently the stock is trading at $20.12, up 50.37% on 9.18 million shares – over 28X than the total daily average volume. At $20.12, the stock is up 397% from its 52-week low of $5.07.

TravelCenters of America LLC (AMEX: TA) soared 8% to $6.21 on total volume of 701k shares compared to 76k average volume. Today it made a new 52-week high of $6.73, previous high was $5.89, in Friday’s trading session.

Zoom Technologies, Inc. (NASDAQ: ZOOM) was another which made a new 52 week high of $8.60 and now trades at $7.51, increased by massive 86% on better than the normal volume of 676K shares after it reports Q2 2009 financial results of Gold Lion, a Recently Approved Acquisition by Zoom. From its 52-week low of $0.96, the stock has given a return of over 2500%.

Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) made a new 52-week high at $7.51, passed its earlier high of $6.60. Currently the stock is trading higher 12% at $7.21 on unusual volume of 322K shares.

Motorola, Inc. (NYSE: MOT) today broken its previous 52-week high and made a new high at $9.02 and now up 2% and trades at $8.87 with a total volume of 28.43 million shares. Today, UBS upgrades Motorola from Neutral to Buy and increased its Price target from $7.50 to $11.50.

 

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Posted-In: Intraday Update Movers