Notable 52-Week Highs and Lows of the Day 03/06: (MTG) (JCI) (CREE) High; (JCP) (TFM) (AVAV)
- Top 10 News for 2/23 - 2/27: Revised GDP Slips, but Beats, in Q4; Two Pharma Giants to Merge; Net Neutrality Passes
- UPDATE: Revised Q4 GDP Growth Slows to 2.2% as Private Inventory Investment Estimate Trimmed
- Former AIG (AIG) CEO Benmosche Dies at Age 70
- UPDATE: FDIC Takes Over Doral Bank (DRL) in Puerto Rico
- Ericsson (ERIC) Files Complaints Against Apple (AAPL) Over Patent Infringement
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.
- MGIC Investment Corp. (NYSE: MTG) $6.19. MGIC announced plans to offer 135 million common shares and $350 million in convertible senior notes due 2020. For more color, click here.
- Johnson Controls Inc (NYSE: JCI) high of $34.45. Johnson Controls is said to seek a sales of its automotive interiors unit. Shares rose 8.3 percent to the new mark Wednesday.
- Cree, Inc. (Nasdaq: CREE) high of $53.14. Cree up again today following raised guidance and a new LED light bulb deal with Home Depot (NYSE: HD), as announced Tuesday. UBS was out with a few positive comments earlier.
- Safeway Inc. (NYSE: SWY) high of $25.14. Safeway said it sees FY13 EPS of $2.25 to $2.45, versus the consensus of $2.24.
- J. C. Penney Co. (NYSE: JCP) low of $14.20. JCPenney lower again today as Citi and Oppenheimer downgraded the stock earlier today. For more color on the calls, click here. The company is also running a promotion right now.
- The Fresh Market, Inc. (Nasdaq: TFM) low of $36.51. Fresh Market reported Q4 EPS of 43 cents, missing consensus views by two cents. The company also guided FY13 EPS expectations below the consensus.
- AeroVironment, Inc. (Nasdaq: AVAV) low of $16.98. AeroVironment missed Q3 EPS views by 20 cents and cut its outlook for FY13. FBR Capital and BB&T Capital both downgraded the stock this morning. Shares fell about 22 percent to the new annual low.
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