Watson, TGC, Telus Score 52-Week Stock Price Highs as S&P Plays With 1400
Tgc Industries (NASDAQ:TGE): TGC Industries reports Q1 EPS 60c versus consensus 26c. The shares closed at $11.41, up $1.4 or 13.99% on the day. They have traded in a 52-week range of $3.7048 to $10.5333.
Telus Corp. (NYSE:TU): Glass, Lewis & Co., LLC has reiterated its recommendation to institutional clients that they vote in favor of a proposed transaction that would eliminate TELUS’ dual class share structure. This follows a positive recommendation reiterated separately by the other leading proxy advisory firm ISS. Glass Lewis originally issued the recommendation in a report posted on April 23. It withdrew the report a day later to consider a dissident proxy circular issued by Mason Capital, a New York hedge fund seeking to defeat the proposal for its own short-term profit at the expense of TELUS’ numerous other shareholders, and rejected their position. The shares closed at $58.71, down $0.03 or 0.05% on the day. They have traded in a 52-week range of $44.63 to $58.87.
Watson Pharmaceuticals (NYSE:WPI): Company expects 4-6 players in the market, and the price will be lower than 4% of the brand price. The shares closed at $75.36, down $0.8 or 1.05% on the day. They have traded in a 52-week range of $55.00 to $76.47.
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