HAWTHORNE, Calif. (
hit a new 52-week high on Wednesday morning, as the traveler's worst nightmare -- terrorist activity on board a flight -- continued to buoy shares of the electronic security manufacturer.
OSI Systems' shares were up 10%, or $2.50, to $27.57 on Wednesday morning, and OSI Systems was again trading at elevated volumes -- one million shares traded within the first half hour of the market open, versus an average daily volume of 134,000 shares.
OSI Systems' shares gained more than $2 on Monday morning, when investors returned from the holiday break and news of the attempted bombing by the Nigerian terrorist on the Amsterdam-Detroit flight. While trading was within a tight range on Tuesday, this morning OSI Systems' shares soared again. In fact, the more than 1 million shares traded in the first half hour of Wednesday's session eclipsed the total trading on Monday, when shares rose more than $2.
Wednesday's high for OSI Systems was the second 52-week high that the company has attained this week.
Headed into 2010, it looks like security threats of all types are going to present some big opportunities for investors. The rise of OSI Systems, as well as
American Science & Engineering
, which was up close to 2% on Wednesday morning, is a trend moving right alongside the rise of technology firms focused on cyber-warfare threats.
-- Reported by Eric Rosenbaum in New York.
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