Notable 52-Week High's and Low's of the Day 09/01: Q, SONS, CRM Higher; CHRS, KSP, WINN Lower
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:
- Qwest Communications (NYSE: Q) high of $5.77. No real news today other than overall economic data. Shares have been bumping against a $5.70 level through the month of August, and finally has some solid momentum to break through the level today. Shares are up SONS) high of $3.39. Sneaking about 8.7% higher today on takeover speculation.
- Salesforce.com (NYSE: CRM) high of $116.20. Real nice gap up at the open above $111 price level. Shares are being carried through the rest of the day on overall market momentum. The company did introduce their Jigsaw business contact database today. The company acquired Jigsaw for $142 million earlier this year, and investors may be cheering the transformation and integrated introduction.
52-Week Low:
- Charming Shoppes, Inc. (Nasdaq: CHRS) low of $2.84. Making a big drop today to reach a new 52-week low as they reported a Q2 adjusted GAAP loss of $0.07, versus the analyst estimate of $0.06. Revs for the quarter were $517.6 million, which compares to the estimate of $513.10 million. Comps for the quarter were up 3%.
- K-Sea Transportation Partners (NYSE: KSP) low of . Looks like a selloff at the $4.40 support level, coming from a continuing downtrend as the company announced late Monday that they would be delaying their fourth quarter conference call on expectations that they would be entering an agreement with its revolving credit lenders to provide an extension of the waiver period that was previously scheduled to expire on August 31, 2010. It looks like $4.15 might be another support level.
- Winn-Dixie Stores Inc. (Nasdaq: WINN) low of $6.35. After reaching a 52-week low yesterday following their fourth quarter earnings report, shares are still seeing weakness today as investors are still evaluating their FY11 outlook.
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