Dallas, TX 11/18/2009 2:50:19 AM
News / Business

Year High Stock – AGO, VMED, TWB

Year High Stock

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Assured Guaranty Ltd. (NYSE:AGO)made a new high at $28.14 and now up 22.25% and trades at $25.93 after the company reported Q3 revenue soared 161% to $386 million, ahead of the $338 million analysts were expecting, yielding operating profit per share of 44 cents, ahead of the 31-cent average estimate. JP Morgan (JPM) analyst Andrew Wessel raised his target on the stock to $42 from $28.

 

Virgin Media Inc. (NASDAQ:VMED) was another stock which made a new 52 week high of $17.08 and now trades at $16.83, increased 1.14%. Virgin Media's sale of its TV channels has stalled as it looks to ascertain if bidders would also be interested in bidding for its 50 percent stake in UKTV as well, banking sources have told the Times. Virgin is now considering whether to sell its wholly-owned channels - including Trouble, Bravo and Living - along with its UKTV stake. Bundling these assets would allow Virgin to get more cash.

 

Tween Brands Inc. (NYSE:TWB) crossed its earlier 52-week highs and today made a new high at $10.16. The stock is up 8.69% at $9.88. The company reported a 2009 third quarter net income of $5.9 million, or $0.23 per diluted share, compared to a net loss of $0.8 million, or $0.03 per diluted share for the third quarter of 2008. Net income for the third quarter of 2009, excluding a $2.8 million pretax merger charge and a $3.9 million pretax non-cash store impairment charge, was $ 14.7 million, or $0.58 per diluted share. Net income for the third quarter of 2008, excluding an $11.5 million pretax restructuring charge, was $6.4 million, or $0.26 per diluted share.

 

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