Notable 52-Week Highs and Lows of the Day 06/09: (ELN) (JVA) (MCO) High; (NOK) (RIMM) (RPC) 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:
- Elan Corp. (NYSE: ELN) high of $10.40. Elan moving as UBS upgraded shares from Neutral to Buy and boosted its price target from €6.30 to €8.70.
- Coffee Holding Co., Inc. (Nasdaq: JVA) high of $12.39. Coffee Holding reported second-quarter earnings of 22 per share and revs of $37.3 million, a nice shift from earnings of 15 cents and revs of $19.92 reported in the same period last year. Coffee Holding moved nearly 45 percent to the new high.
- Moody's Corp. (NYSE: MCO) high of $41.50. Moody's appears to be ripping higher above the $40 price level, a previous resistance point for the stock. Overall Wall Street sentiment is a little bullish today, helping the ratings agency to push ahead.
- Nokia Corporation (NYSE: NOK) low of $6.21. Nokia was a little weak at the start, but has since recovered. Texas Instruments (NYSE: TXN), in lowering its outlook, basically blamed Nokia for the entire thing.
- Research In Motion (Nasdaq: RIMM) low of $36.09. Citi downgraded Research In Motion from Buy to Hold today, cutting its price target from $80 to $45. From the report: "Citi believes Research In Motion is letting an opportunity slip to steal market share from the floundering Nokia."
- Radient Pharmaceuticals Corporation (AMEX: RPC) low of $0.1415. Radient deepened its first-quarter loss at 13 cents per share, compared with 10 cents in the same period last year. Revs of $30.66 million were shy of $36.85 million reported in Q110.
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