Notable 52-Week Highs and Lows of the Day 08/29: (FITB) (AMZN) (GOOG) High; (GRPN) (BPT) Low
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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.
- Fifth Third Bancorp (Nasdaq: FITB) high of $15.12. Fifth Third is continuing higher following positive sentiment in the sector today. Fifth Third announced positive capital initiatives last week.
- Amazon.com Inc. (Nasdaq: AMZN) high of $247.61. Zappos is said to be partnering up with social sharing site Pintrest, giving Amazon -- which owns Zappos -- a bit of a boost.
- Google Inc. (Nasdaq: GOOG) high of $688.98. Google higher following earlier pressure in the week as a massive disruption of its Android operating system following Apple/Samsung litigation is not expected. Shares rose 1.7 percent today.
- Groupon (Nasdaq: GRPN) low of $4.26. Groupon at new post-IPO lows, with little in the way of upside since its recent quarterly report.
- BP Prudhoe Bay Royalty Trust (NYSE: BPT) low of $79.10. Continuing lower following a WSJ report last Friday that BP's value and cash for distributions was at $1.4 billion and $109 million, respectively, but market value was at $2.3 billion. The level indicated investors might be paying about 61 percent more in than all future cash flows might be worth.
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