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Notable 52-Week Highs and Lows of the Day 05/23: (CQP) (BPAX) (GMCR) High; (NBG) (S) (HEAT) Low

May 23, 2011 2:58 PM EDT
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:
  • Cheniere Energy Partners, L.P. (AMEX: CQP) high of $12.81. Higher today following a late day surge last Friday on news that "its subsidiary, Sabine Pass Liquefaction, LLC, received an order from the U.S. Department of Energy with authorization to export domestically produced natural gas from the Sabine Pass LNG terminal as liquefied natural gas to any country that has, or in the future develops, the capacity to import LNG and with which trade is permissible. After a 30 percent move last Friday, the stock moved an additional 27.6 percent the new high today. Shares have not been at this level since April 2008.

  • BioSante Pharmaceuticals, Inc. (Nasdaq: BPAX) high of $2.87. Moving above the $2.70 price level, which has seemingly been the resistance point of the stock over the past two years. Volume on the move is about 200 percent better than normal.

  • Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) high of $78.80. Investors have been bullish on the stock over the past two earnings reports, but Green Mountain being added to the Nasdaq-100 is garnering enough attention to put the stock at a 52-week high. Green Mountain Coffee will begin trading on the Nasdaq-100 starting on May 27th. The stock is up just 2.8 percent to the high today.
52-Week Low:
  • National Bank of Greece SA (NYSE: NBG) low of $1.28. Trading in a tight range today, National Bank of Greece is 3.8 percent lower as Fitch lowered long-term IDR from BB+ to B+; placed on Rating Watch Negative.

  • Sprint (NYSE: S) high of $5.60. Sprint is seeing a little upside today following an upgrade at Atlantic Equities from Neutral to Overweight, with a price target boosted from $5 to $7.50.

  • SmartHeat (Nasdaq: HEAT) low of $1.33. SmartHeat shares are continuing a slide that has been going on since the beginning of 2010, when shares were a touch above $18 per. The stock is down 92 percent since then.

  • Cisco Systems, Inc. (Nasdaq: CSCO) low of $16.22. Not down that much today, but Cisco is following right along with the broader markets today, which are reacting more to European debt concerns and potential slow down in China's growth, as no U.S. economic data is being reported today to offset the move. Cisco's CEO John Chambers has come under fire lately for operating performance that has been weaker than expected, causing the company to divest assets and lower outlooks over the last several quarters. Shares haven't been at this level since early in 2009.


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