GE and 4 Sizzling Stocks Winning 52-Week Highs
Amerigroup Corp. (NYSE:AGP): Amerigroup Corporation has announced that they have entered into a definitive agreement to sell Amerigroup Virginia, Inc. to Inova. The sale, which is contingent on the closing of Amerigroup’s and Wellpoint’s (NYSE:WLP) transaction, will divest all of Amerigroup’s managed care operations in the Commonwealth of Virginia. As was previously communicated, Amerigroup and WellPoint, each received a request for additional information from the United States Department of Justice in connection with their review of WellPoint’s pending acquisition of Amerigroup. The second request focused on Amerigroup’s operations in the Commonwealth of Virginia, and both Amerigroup and WellPoint have worked cooperatively with their DOJ staff and representatives. The sale of Amerigroup Virginia, Inc. will not require any change of terms or amendments to the WellPoint merger agreement. The sale is expected to close concurrently with the WellPoint acquisition of Amerigroup, which is expected to occur in the fourth quarter of 2012. Their shares closed at $91.43, up $0.18 or 0.2% on the day. They have traded in a 52-week range of $37.57 to $91.39.
Cytori Therapeutics (NASDAQ:CYTX): Cytori Therapeutics has been awarded a contract that may be valued up to $106 million by the United States Department of Health and Human Service’s Biomedical Advanced Research and Development Authority, as long as all contract options are executed. The contract is for preclinical and clinical development of the Company’s cell therapy for the treatment of thermal burns combined with radiation injury. The aim is to evaluate and create a new counter measure for thermal burns which would be useful following a mass casualty event. Their shares closed at $4.41, up $0.55 or 14.25% on the day. They have traded in a 52-week range of $1.90 to $4.85.
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Discover Financial (NYSE:DFS): The Hillshire Brands Company announced today, that Mary Oleksiuk, 50, will join the company as chief human resources officer. Oleksiuk will be responsible for the company’s human resources strategy and function, including compensation and benefits, talent management, employee development and organizational design. She will join the company on Oct. 22, and will report to Sean Connolly, Chief Executive Officer. Olesiuk comes to Hillshire from Discover Financial, where she was the Chief Human Resources Officer and Senior Vice President. Discover’s shares closed at $39.73, up $0.02 or 0.05% on the day. They have traded in a 52-week range of $21.44 to $39.88.
General Electric Com (NYSE:GE): According to Reuters, General Electric Company’s Chief Financial Officer Keith Sheri stated at an investor meeting that they expect, in a “reasonable time frame,” to halt the purchase of $7 billion in bank deposits from MetLife (NYSE:MET). Their shares closed at $22.71, down $0.02 or 0.09% on the day. They have traded in a 52-week range of $14.02 to $22.86.
Globus Medical Inc. (NYSE:GMED): Globus Medical Inc. announced that the Federal Drug Administration has granted premarket Approval for the SECURE-C Cervical Artificial Disc. Clinical data from a 380 patient, investigational device exemption study demonstrates that SECURE-C is statistically superior to anterior cervical discectomy and fusion in terms of overall success, subsequent surgery at the index level, device-related adverse events, and patient satisfaction at 24 months. Their shares closed at $18.03, up $1.18 or 7% on the day. They have traded in a 52-week range of $13.06 to $17.27.
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