StemCells Inc. (STEM) hit a new 52-week low of $1.32 yesterday (02011.12.12) before closing at $1.35. Trading volume was 300k+ vs. t3m avg. of 83k+. Today, STEM opened at $1.43 and spiked to $1.78. Trading volume is already 230k+. The last press release posted to StemCellsInc.com is dated 11/28/02011. The SIR (Short Interest Ratio) in STEM is somewhat high at 10.1, but I am not expecting any type of short squeeze on STEM shares.
Stewart Enterprises (STEI) closed yesterday (02011.12.15) at $5.50. After the market closed the company reported 4Q'11 results and they were good.
ReplyDeleteThomas M. Kitchen, President and Chief Executive Officer, stated, "We are pleased with the strong finish of fiscal year 2011, which by our measures is the best fiscal year in the past three years."