Investors Returned Their Focus on Some New High Stocks (CYH, HOV, FCAL, SBAC)

New York, NY -- (SBWIRE) -- 11/07/2012 -- Community Health Systems, Inc. (NYSE:CYH) today announced that management will participate in the Lazard Capital Markets 9th Annual Healthcare Conference to be held November 13-14, 2012, at The Pierre Hotel in New York City. The investor presentation will begin at 10:30 a.m. Eastern time, 9:30 a.m. Central time, on Tuesday, November 13, 2012, and will be available to investors via a live audio webcast.Community Health (NYSE:CYH) is +1.47 - +5.13% from the previous close of $28.68. It traded between $29.91 - 32.70 with total traded volume of 3851706 shares. At Current Market Price, CYH is in the distance of +5.81% from its 50-day Moving Average price of $28.4935 and +17.05% from its 200-day Moving Average price of $25.7573.

Do you think now is a good time to buy or sell CYH? See CYH earnings forecast report Here

Hovnanian Enterprises, Inc. (NYSE:HOV) continued to surge, hit a new high after Standard & Poor’s Ratings services upgraded its junk-level rating on Hovnanian by two notches. In the last trading session, the share price moved 93.71% above its 200 day moving average, changing hands as low as $5.10 per share. The stock is currently trading 43.93% up its SMA 50. The worst hit in its 52 week range is $1.20 per share, with $5.36 being the 52 week best price, which compares with a latest closing price of $5.31. The Beta of this stock is 3.11.

Moreover, Standard & Poor’s Ratings services upgraded its junk-level rating on Hovnanian Enterprises by two notches, pointing to the home builder’s better-than-expected operating performance and improved liquidity.

Can HOV Continue To Rise? Find Out Here

Financial Group, Inc. (NASDAQ:FCAL) breached its fiduciary duty to its shareholders in agreeing to sell First California to PacWest Bancorp. Under the terms of the agreement, First California shareholders will receive $8.00 per First California common share, payable in PacWest Bancorp common stock. The investigation is focused on the potential unfairness of the price to First California shareholders and the process by which the First California Board of Directors considered and approved the transaction. Shares of First California (NGM:FCAL) are trading at $7.61 and is +10.81% of its 50-day Moving Average price of $6.8677 and +12.95% from its 200-day Moving Average price of $6.7375. The average trading volume is 97248 shares and its market capitalization is $222.4M.

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SBA Communications Corp (NASDAQ:SBAC)‘s stock had its “outperform” rating restated by equities researchers at Cowen in a report issued on Wednesday. SBA Communications Corp opened at 66.40 on Wednesday. SBA Communications Corp has a 52-week low of $37.30 and a 52-week high of $67.53.SBA Communications Corp last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.43) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.23) by $0.20. The company had revenue of $238.60 million for the quarter, compared to the consensus estimate of $234.64 million. During the same quarter in 2011, the company posted ($0.30) earnings per share. SBA Communications Corp’s revenue was up 36.0% compared to the same quarter last year. Analysts expect that SBA Communications Corp will post $-0.98 EPS for the current fiscal year.Finally, analysts at Citigroup upgraded shares of SBA Communications Corp from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 4th. They now have a $74.00 price target on the stock, up previously from $62.00.

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