Sonova Stock Hits 52-Week High

Sonova Stock Hits 52-Week High

Three months ago we advised our readers to buy Sonova  (SOON.S; SONVY ADR) stock when the market over-reacted to a slightly weaker-than-expected earnings report, dropping as low as US$125.89. Today, it hit the 52 week high of US$147.31, with ADRs trading at $29.45.

 

Top chart is 6 month SONVY ADR; bottom is comparison against S&P 500 Click to enlarge in new window

Top chart is 6 month SONVY ADR; bottom is comparison against S&P 500. Click to enlarge in new window

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About the author

Dan Schwartz

Electrical Engineer, via Georgia Tech

3 Comments

  1. Scot Frink
    August 15, 2016 at 2:50 pm

    Hi Dan. To what do you attribute this significant increase, as it was around $138 last Friday? Is it maybe the release of Phonak’s new rechargeable product later this month?


    • Dan Schwartz
      August 16, 2016 at 12:48 am

      @Scot: I don’t know. I put in a limit order at $25.60 about 10 days ago… Oh well. As I wrote back in May, it’s a fundamentally sound company that builds tangible products, not some overvalued bullshit Silicon Valley startup spewing apps.


  2. khalid
    September 22, 2016 at 7:28 am

    Please send me new posts by email


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