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NEW YORK (
Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are hitting new
52-week highs and
It often follows that a stock setting a new 52-week high will continue to set higher and higher highs (and the opposite for a stock setting a new 52-week low), and
momentum traders often look to the 52-week-high lists for new stock ideas. Keep in mind, though, that new high prices can also indicate reasons for concern or caution in a stock.
Cubist Pharmaceuticals(CBST) is focused on the research, development and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. It was recently trading up $2.57, or 7.1%, at $38.99 after hitting a 52-week high of $39.74 earlier in the day.
Today's Range: $37.55-$39.74
52-Week Range: $20.81-$39.74
Volume: 4.3 million
Cubist has a market cap of $2.2 billion and a short interest ratio of 8.3, and it trades at a P/E of 47.9. Of 15 analysts covering the stock, 11 rate it a buy, and four rate it a hold. TheStreet Ratings' has a B buy rating on Cubist, making it one of the
top-rated biotech stocks.
Cubist, which was featured this week in "
5 Stocks Poised to Pop on Earnings," announced third-quarter earnings yesterday that beat analyst estimates and raised its revenue expectations for the full year.
Select Comfort(SCSS - Get Report) develops, manufactures, markets and distributes adjustable-firmness beds and other sleep-related accessory products. It was recently trading up $2.65, or 16.4%, at $18.77 after hitting a 52-week high of $19.40 earlier in the day.
Today's Range: $17.64-$19.40
52-Week Range: $6.63-$19.40
Volume: 3.4 million
Select Comfort has a market cap of $902 million and a short interest ratio of 5.8, and it trades with a P/E of 19.7. Of nine analysts covering the stock, six rate it a buy, and three rate it a hold. TheStreet Ratings' has a C+ hold rating on Select Comfort.
On Wednesday, Select Comfort announced a 63% increase in third-quarter earnings and raised its expectations for the full year.