Update: Aflac, Carmike, Synovus and TSYS riding stock market’s bullish wave higher

All of the local companies have hit 52-week highs in the last week

tadams@ledger-enquirer.comJuly 11, 2013 

A record-setting performance by the stock market Thursday kept wind in the sails of the four publicly traded companies headquartered in Columbus.

Both the Dow Jones Industrials, closing at 15,460 points, and the Standard & Poors’ 500, reaching 1,675 points, hit all-time highs for those Wall Street indices.

The bull’s ride higher Thursday followed Federal Reserve Chairman Ben Bernanke’s comments the day before that economic stimulus in the form of bond purchases by the U.S. government likely will continue into 2014.

All four local companies — Aflac, Carmike Cinemas, Synovus Financial Corp. and TSYS — have racked up new 52-week highs in the last week. Here’s how they have been faring:

• Supplemental health and life insurer Aflac reached $59.32 per share in late-morning trading Thursday, then settled to $59.25 (a 75-cent gain) by day’s end, but still topping its previous high of $58.70 on Monday. The past year’s low is $40.97.

• Movie-theater chain Carmike Cinemas hit $20.36 on Monday, beating its previous high of $20 even. Although it dipped since, shares surged 32 cents again Thursday, closing at $20.17. The year’s low is $11.04 per share.

• Southeast regional bank Synovus hit a 52-week high of $3.10 last Friday, then coasted a nickel higher to $3.15 on Monday before tapering off the last couple of days. It eeked out a penny gain Thursday, closing at $3.01 per share. The low for the last year is $1.81.

• Credit-card processor TSYS rolled to its new high for the year Thursday, hitting $25.73 before retreating slightly to $25.67 at the close, picking up 37 cents on the day. It was the third straight day the technology company hit a high, with shares reaching $25.29 on Monday and $25.34 on Tuesday. It’s current 52-week low is $21.10.

Taking a closer look at Synovus, the last time Synovus shares were higher than its current 52-week mark was on May 17, 2010, when they were $3.30.

The company and its stockholders haven’t tasted $4 per share since Sept. 24, 2009, just a few months after the Great Recession officially ended.

The local companies all are preparing to release their second-quarter earnings reports in the next few weeks.

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