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Los Angelas, CA -- (SBWIRE) -- 12/04/2012 -- Adobe Systems (NASDAQ:ADBE) hit a new 52-week high Tuesday as it is currently trading at $35.03, above its previous 52-week high of $34.85 with 318,612 shares traded as of 9:40 a.m. ET. Average volume has been four million shares over the past 30 days.
Adobe Systems has a market cap of $17.13 billion and is part of the technology sector and computer software & services industry. Shares are up 22.4% year to date as of the close of trading on Monday.
How Should Investors Trade ADBE Now? Find Out Here
Costco Wholesale Corporation (NASDAQ:COST) has announced an ex-dividend date of December 06, 2012 and a cash dividend payment of $7 per share scheduled for December 18, 2012. Shareholders who purchased COST stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2445.45% increase over the prior month. At the current stock price of $104.59, the dividend yield is 80.31%.
The previous trading day's last sale of COST was $104.59, representing a -0.22% decrease from the 52 week high of $104.82 and a 32.71% increase over the 52 week low of $78.81.
How Should Investors Trade COST Now? Find Out Here
SINA Corp (NASDAQ:SINA), has underperformed the SPX by more than 25 percentage points during the past 60 sessions, and has lopped off nearly 19% since the beginning of the year. Elsewhere on the Street, short sellers are ramping up their bearish bets. Short interest climbed more than 6% over the most recent reporting period, and now accounts for 8.1% of SINA's available float. The bearish bandwagon is far from crowded, though, as it would take fewer than three days to buy back all of these pessimistic positions. And there could be additional downside ahead, should bullish analysts begin to jump ship. Only two out of the 13 brokerages are skeptical, donning middling "hold" recommendations. In a similar vein, the consensus 12-month price target of $66.33 is a 58.5% premium to SINA's fresh two-year low of $41.86, tagged this morning.
How Should Investors Trade SINA Now? Find Out Here
Cliffs Natural Resources (NYSE:CLF) saw shares set a new 52-week low of yesterday's session, continuing a trend that has been ongoing with the downturn in the coal and iron ore markets and highlighted in recent weeks after the company was downgraded on fears that its high production costs could result in a recovery taking longer and the need to shut in production. The shares were also downgraded due to these reasons, but at this time it does appear that management is serious about keeping the dividend at current levels and should that continue then the yield will have to come to the rescue of shares at some point.
How Should Investors Trade CLF Now? Find Out Here
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