Notable 52-Week Highs and Lows of the Day 01/23: (MSFT) (INTC) (BVSN) High; (CBRX) (DYN) Low
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:
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52-Week High:
- Microsoft Corp. (Nasdaq: MSFT) high of $29.95. Microsoft made early gains Monday, following reports that Research In Motion's (Nasdaq: RIMM) Balsillie and Lazaridis will be stepping down as co-CEOs and co-Chairmen. Shares moved just 0.8 percent before coming back down in early trading.
- Intel Corporation (Nasdaq: INTC) high of $26.89. Intel announced earlier that it would acquire InfiniBand from Qlogic (Nasdaq: QLGC). According to a statement from Intel, the acquisition "is designed to enhance Intel's networking portfolio and provide scalable high-performance computing fabric technology." Intel rose nearly 2 percent to the new mark Monday.
- BroadVision, Inc. (Nasdaq: BVSN) high of $32.46. BroadVision is up nearly 200 percent in 2012 to-date, and volume on today's move is also seeing some heavy volume. No specific news has been driving the move, so investors might want to reevaluate ahead of its fourth-quarter earnings report, which is expected out after the market closes Thursday.
- Noble Energy, Inc. (NYSE: NBL) high of $101.82. Noble could be moving higher following reports that peer Chesapeake (NYSE: CHK) will be trimming nat gas production in 2012 due to the recent drop in spot prices. Shares of Noble moved 5.7 percent to the new mark.
- Columbia Laboratories, Inc. (Nasdaq: CBRX) low of $0.64. Columbia Labs is getting crushed Monday following a late report Friday that the Advisory Committee for Reproductive Health Drugs of the U.S. Food and Drug Administration (FDA) did not recommend approval of progesterone vaginal gel 8% for the reduction of risk of preterm birth in women with short uterine cervical length at the mid-trimester of pregnancy. The panel said it needed more information to support an approval.
Columbia Labs fell nearly 60 percent Monday.
- Dynegy (NYSE: DYN) low of $2.07. Dynegy reported that its subsidiaries filed an Amended Chapter 11 Plan of Reorganization and a related disclosure statement with the Bankruptcy Court. According to an SEC filing: "In accordance with the Amended and Restated Restructuring Support Agreement dated as of December 26, 2011, which, as previously disclosed, modified the Restructuring Support Agreement dated November 7, 2011, among DH and certain holders of its unsecured notes and debentures, the Amended Plan and the Disclosure Statement, among other things, provide for an increase in the amount of consideration to be provided under the Plan. The Amended Plan addresses claims against and interests in DH only and does not address claims against and interests in the other Debtors."
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