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Notable 52-Week Highs and Lows of the Day 08/11: (MRGE) (CF) High; (NOK) (S) (SCHW) Low

August 11, 2011 3:22 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:
  • Merge Healthcare Incorporated. (Nasdaq: MRGE) high of $6.55. After the market closed yesterday, fund Gilder Gagnon Howe & Co., filed a 13G with the U.S. Securities and Exchange Commission showing a raised stake in Merger from 3,950,838 common shares to 4,426,988 common shares, or 5.4 percent of total outstanding. Merge is up 11.4 percent to the new mark today.

  • CF Industries Holdings, Inc. (NYSE: CF) high of $165.00. CF is ripping higher today following a cut by the USDA of its corn forecast from 13.5 million bushels to 12.9 million bushels. The USDA cited unusually high temps in the Midwestern U.S. on the move. CF moved just over 10 percent higher today.
52-Week Low:
  • Nokia Corporation (NYSE: NOK) low of $4.82. After a hiccup this morning, Nokia shares are back in action, up over 5 percent on the session. Nokia has experienced some weakness over the last several months as investors question their direction and choice of OS in Microsoft's (Nasdaq: MSFT) Windows 7 platform. Also today, Gartner reported a nearly 50 percent drop in Symbian market share, a testament to Nokia's shift out of the platform. Click here for more color from the report.

  • Sprint Nextel Corp. (NYSE: S) low of $2.98. Sprint is reeling again today, following a WSJ report which stated Sprint may be running out of cash, and could skip a $2.3 billion debt payment next month. Also from the article, "Sprint's directors also think the company may need to make a big investment to support partner Clearwire Corp. into early 2013." Clearwire (Nasdaq: CLWR) shares are up over 12 percent on the session following the potential for cash inflow.

  • Charles Schwab Corp. (Nasdaq: SCHW) low of $11.53. Schwab has been trending right along with the broader financial market. The stock is down 22.8 percent since the start of August, worse than the 13-or-so percent drop in the S&P over the same period, and just about 12 percent fall for the financials ETF (NYSE: XLF).

  • Dendreon Corp. (Nasdaq: DNDN) low of $9.22. After plunging 67 percent on August 4th following its quarterly earnings report in which it removed guidance for Provenge, shares haven't exactly recovered in the recent market turmoil. Today, the stock dipped just shy of 7 percent before rebounding this afternoon.


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