New Highs for Marvell Technology, Imperial Sugar and Priceline Shares (IPSU, MRVL, PCLN)
New 52-week highs for shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), Imperial Sugar Company (NASDAQ:IPSU) and Priceline Incorporated (NASDAQ:PCLN) which is now well over $200 per share.
Priceline Incorporated (NASDAQ:PCLN) hit an amazing 52-week high of $223.82 today considering its low point during that time was $55 a share. In the past 12 months Priceline shares have soared 269%. Shares keep climbing despite the 14% short interest however Q3 09 revenue for the company came in at $2.7 billion, an increase of 32.8% over a year ago.
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Priceline had revenues in the 3rd quarter of $730.7 million, a 30.1% increase over a year ago. The Company's international operations contributed revenues in the 3rd quarter of $316.9 million, a 41.7% increase versus a year ago (approximately 50% on a local currency basis). The gross profit for the 3rd quarter was $434.0 million, a 37.3% increase from the prior year.
Marvell Technology Group Ltd. (NASDAQ:MRVL) touched $16.85 a share today and is up 150% in 2009. The company reports Q3 earnings today (Dec 3rd) after the close, best of luck to those playing the call.
Imperial Sugar Company (NASDAQ:IPSU) hit a new 52-week high of $17.01 and YTD the stock is up 17%. Imperial's Q4 09 earnings call is scheduled for Dec 8th at 11 AM EST.
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