A number of NASDAQ companies managed to set 52-week highs on Wednesday including Oracle Corporation (ORCL), Applied Materials (AMAT), Mylan Inc. (MYL), Pluristem Therapeutical (PSTI), Asml Holding N.V. (ASML).
Oracle Corporation (ORCL) saw shares climb to a 52-week high of 32.73 on Wednesday before closing the day at 32.56. Shares in the company, which develops, manufactures, markets, distributes, and services database and middleware software, applications software, and hardware systems worldwide, remain above their 50-day moving average of 30.16 and their 200-day moving average of 26.14.
Applied Materials (AMAT) hit a 52-week high on Wednesday, reaching 15.57 following news that Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co had unveiled spending plans aimed at increasing chip production. AMAT closed at 15.46 on trading volume of more than 13.2 million. Shares in the company, which provides nanomanufacturing technology solutions for the semiconductor, flat panel display, solar, and related industries worldwide, are ahead of their 50-day moving average of 13.65 and their 200-day moving average of 12.53.
Mylan Inc. (MYL) shares shot to a 52-week high of 24.17 on Wednesday as investors followed Tuesday’s news regarding a pair of settlements with Pfizer, Inc. Shares closed the day at 23.96 with just over 7.7 million shares trading hands. The company, which engages in the development, manufacture, marketing, licensing, and distribution of generic and branded generic pharmaceuticals, specialty pharmaceuticals, and active pharmaceutical ingredients (APIs) worldwide, is ahead of its 50-day moving average of 21.20 as well as its 200-day moving average of 19.47.
Pluristem Therapeutics (PSTI) climbed to a 52-week high of 4.38 on Wednesday before closing at 4.20 on volume that topped 5.6 million shares, 11x its average volume. It was announced on Wednesday that PSTI would propose public offering of common stock and warrants to purchase common stock. The company, which engages in the research, development, and production of placental-derived adherent stromal cells (ASCs), is now well ahead of their 50-day moving average of 1.85 and their 200-day moving average of 1.37.
Asml Holding N.V. (ASML), which engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits, hit a 52-week high of 42.30 on Wednesday before closing the day at 41.86 on volume that topped 5 million. Shares are now well ahead of their 50-day moving average of 36.66 and their 200-day moving average of 32.00.
