Mid Cap New Highs: Globalstar (NYSEMKT:GSAT), Pilgrim’s Pride Corporation (NASDAQ:PPC), Golar LNG Limited (NASDAQ:GLNG), Questcor Pharmaceuticals (NASDAQ:QCOR), NuStar Energy L.P. (NYSE:NS)

Posted by on Jul 05, 2014

On June 19, 2014, Globalstar, Inc. (NYSEMKT:GSAT), has announced that Tour de France organisers have selected Globalstar GSP-1700 satellite phone for their communications across the UK leg of the world’s most prestigious bicycle road race. Globalstar, Inc. (NYSEMKT:GSAT), weekly performance is 4.21%. On last trading day company shares ended up $4.46. Analysts mean target price for the company is $4.52. Globalstar, Inc. (NYSEMKT:GSAT), distance from 50-day simple moving average (SMA50) is 28.11%.

On June 08, 2014, Tyson Foods Inc. (TSN), the largest U.S. meat company, agreed to buy Hillshire Brands Co. (HSH) after outbidding Pilgrim’s Pride Corporation (NASDAQ:PPC), to gain control of the maker of Jimmy Dean sausages and Ball Park hot dogs, two people with knowledge of the matter said. Pilgrim’s Pride Corporation (NASDAQ:PPC), advanced 1.04% in last trading session and ended the day on $29.01. PPC, Gross Margin is 11.20% and its return on assets is 19.30%. Pilgrim’s Pride Corporation (NASDAQ:PPC), quarterly performance is 39.67%.

Golar LNG Limited (USA) (NASDAQ:GLNG), was upgraded by equities researchers at Nordea Equity Research to a “hold” rating in a research report issued to clients and investors on Thursday. Golar LNG Limited (USA) (NASDAQ:GLNG), shares moved up 2.46% in last trading session and was closed at $60.42, while trading in range of $58.998 – 61.63. Golar LNG Limited (USA) (NASDAQ:GLNG), year to date (YTD) performance is 70.01%.

Questcor Pharmaceuticals Inc (NASDAQ:QCOR), saw a large increase in short interest in the month of June. As of June 13th, there was short interest totalling 19,245,387 shares, an increase of 8.1% from the May 30th total of 17,804,215 shares, American Banking News reports. Currently, 32.4% of the shares of the stock are sold short. Based on an average daily volume of 1,699,347 shares, the days-to-cover ratio is currently 11.3 days. Questcor Pharmaceuticals Inc (NASDAQ:QCOR), ended the last trading day at $95.00. Company weekly volatility is calculated as 2.50% and price to cash ratio as 17.24. Questcor Pharmaceuticals Inc (NASDAQ:QCOR), showed a positive weekly performance of 5.33%.

On June 30, 2014, NuStar Energy L.P. (NYSE:NS), and NuStar GP Holdings, LLCNSH +0.53% announced that they will host a joint conference call on Friday, July 25, 2014 at 9:00 a.m. Central Time to discuss the second quarter 2014 earnings results, which will be released earlier that morning. NuStar Energy L.P. (NYSE:NS), net profit margin is -8.50% and weekly performance is 4.25%. On last trading day company shares ended up $64.00. Analysts mean target price for the company is $60.00. NuStar Energy L.P. (NYSE:NS), distance from 50-day simple moving average (SMA50) is 28.11%.

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