Whirlpool Injured by Imports and 3 Stocks Riding 52-Week Highs
Monsanto Company (NYSE:MON): Closing price $103.08
Monsanto Company and leading grower organizations in Brazil have made an arrangement that will support the introduction of next-generation products such as Intacta RR2 PRO soybeans. Through the terms, participating farmers will be awarded a new license that will permit them to buy soybeans containing the new Intacta RR2 PRO tech, which should be available in the 2013-2014 growing season. Shares closed up 0.65 percent on the day at $103.08, and have been traded in a 52-week range of $69.70 to $102.84.
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Tecumseh Products (NASDAQ:TECUB): Closing price $7.58
Tecumseh said that during the past several months it has collaborated with Sagent Advisors, which the company retained to explore a number of strategic alternatives, among which include a possible divestiture. Despite the chatter, the firm has not received an offer at an $8 per share acquisition price, and there can be no certainty that a transaction will be completed. Shares closed up 6.31 percent on the day at $7.58, having been traded in a 52-week range of $3.23 to $7.14.
Whirlpool Corporation (NYSE:WHR): Closing price $107.70
In a press release, LG Electronics USA said that it disputes Wednesday’s injury findings by the United States International Trade Commission in a washing machine antidumping inquiry, in which commissioners decided that domestic industry, especially Whirlpool, is “materially injured” by washer imports from Korea. President and Chief Executive Wayne Park of LG Electronics commented that “LG respects the work the ITC Staff and Commissioners have put into this determination, but we disagree with the result, which will harm U.S. retailers and consumers by artificially raising prices on some of the country’s most popular washing machines.” The firm also said it will review its appeal options when the ITC’s final determination is released in February. Shares closed up 3.64 percent on the day at $107.70, and have been traded in a 52-week range of $52.91 to $107.94.
Tyler Technologies (NYSE:TYL): Closing price $53.08
Tyler Technologies has reached accords with two municipalities in Maine to supply the Tyler Munis enterprise resource planning solution. The town of Mount Desert inked a 10-year arrangement to access Munis via Tyler’s software as a service platform, and the city of Ellsworth selected a traditional, on-premise installation of Munis. Shares closed up 1.94 percent on the day at $53.08, having been traded in a 52-week range of $34.17 to $52.44.