Notable 52-Week Highs and Lows of the Day 06/14: (EW) (FDO) (DG) High; (NOK) (GMCR) (LSCC) 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.
- Edwards Lifesciences Corp. (NYSE: EW) high of $99.00. Falling just shy of the $100 milestone today, Edwards share traded up 9.3 percent following a positive FDA Advisory Panel vote for its SAPIEN transcatheter heart valve via transfemoral and transapical deliver. SAPIEN is indicated for the treatment of high-risk patients with severe, symptomatic aortic stenosis.
- Family Dollar Stores Inc. (NYSE: FDO) high of $74.73. Family Dollar and peers continue higher as, broadly speaking, the rich get richer and the poor get kicked. As noted earlier, many stocks in the discount retail segment, like Family Dollar, Wal-Mart (NYSE: WMT), and Dollar General, have been making solid gains, which stocks in the middle of the field have been floundering. As an example, look at Nike (NYSE: NKE), Kohl's (NYSE: KSS), and Kroger (NYSE: KR).
- Dollar General Corp. (NYSE: DG) high of $50.85. Speaking of Dollar General, the stock is up another 1.3 percent to its new high today.
- Walt Disney Co. (NYSE: DIS) high of $47.23. Media shares ticking higher following reports that media outlets sold out ad space for the 2012 - 13 season. Though total commitments of $9.1 billion were a little shy from last year's $9.2 billion, early commitments are a good sign that companies are anxious to spend on advertising again.
In addition, Disney announced the launch of three new apps for the Apple (Nasdaq: AAPL) iPhone and iPad: Walt Disney Channel, Watch Disney XD and Watch Disney Junior.
- Nokia Corp. (NYSE: NOK) low of $2.30. Nokia is actually getting slammed following more announcements of touble in its Devices & Services segment, leading to the elimination of 10,000 jobs globally, asset sales, reduced guidance, and marketing and mobile management changes.
For more on Nokia's woes, click here.
- Lattice Semiconductor Corp. (Nasdaq: LSCC) low of $3.70. Lattice said it sees second-quarter revs flat-to-down 3 percent sequentially. This is a 180 turn from prior guidance calling for sales being flat-to-up 4 percent. Gross margin guidance fell four points to 51 percent, plus or minus 1 percentage point.
Shares fell 17.6 percent to the new low Thursday.
- Credit Suisse Group (NYSE: CS) low of $17.82. Credit Suisse under some pressure following reports that the The Swiss National Bank (SNB) urged the bank to raise capital to shield itself from the crisis in the euruzone.
- Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) low of $20.15. Green Mountain slumping following reports that office distributors may be tapping non-licensed K-Cup wholesalers. Shares fell as much as 5.4 percent on the session Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Justice Dept. Investigates Credit Suisse (CS) Over It's Operations in Israel - DJ
- Notable Mergers and Acquisitions 6/23: (MOBI) (QUNR) (INT) (GE)
- Trading Radar for 6/24: Finish Line (FINL) Reports
Create E-mail Alert Related CategoriesSpecial Reports
Related EntitiesCredit Suisse
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!