Notable 52-Week Highs and Lows of the Day 07/10: (ASML) (TGT) (SWHC) High; (MAKO) (FST) (BPI) Low
- Sysco (SYY) to Acquire US Foods in $3.5B Deal
- Unusual 11 Mid-Day Movers 12/09: (HIHO) (GIVN) (PRAN) Higher; (OSIS) (GNE) (CRIS) Lower
- Covidien (COV) to Acquire Given Imaging (GIVN) for $30/Share
- Engaged Capital Unsettled by Abercrombie & Fitch (ANF) Jeffries Re-Signing, Considering All Options
- China Mobile (CHL) May Start Taking Apple (AAPL) iPhone Preorders This Week
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.
- ASML Holding NV (Nasdaq: ASML) high of $53.30. ASML moving higher after a news release late Monday stated that it and Intel (Nasdaq: INTC) entered into a series of agreements intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling 3.3 billion (approximately $4.1 billion).
Shares popped about 10 percent on the news.
- Target (NYSE: TGT) high of $59.49. Target getting a little boost Tuesday after announcing that it and Neiman Marcus will be teaming up for 50 limited edition gifting products, Items will range in price from $7.99 to $499.99, with most items less than $60.
- Smith & Wesson Holding Corp. (Nasdaq: SWHC) high of $9.50. Smith & Wesson continuing higher following strong fourth-quarter 2012 numbers issued at the end of June as well as strong background checks for June.
- MAKO Surgical Corp. (Nasdaq: MAKO) low of $14.28. MAKO slammed after lowering 2012 guidance. According to the release, MAKO now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, as a result of adjusted guidance for 2012 RIO sales, MAKO is narrowing 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures.
Shares fell 42 percent during the session Tuesday.
- Quantum (NYSE: QTM) low of $1.48. Quantum said it sees first-quarter sales of $141 million and a loss of 3 cents to 4 cents. The Street was looking for sales of $155.1 million and break even earnings.
- Forest Oil Corporation (NYSE: FST) low of $6.12. Forest Oil issues a second-quarter update, saying, in part, that it would cut capital spending from lower return liquids projects in East Texas and the Panhandle area, focusing on the Eagle Ford play instead.
- Bridgepoint (NYSE: BPI) low of $12.80. After announcing its Ashford University unit was denied an application for initial accreditation by WASC, three firms downgraded the stock: First Analysis to Equalweight; Piper Jaffray to Neutral; William Blair to Market Perform.
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