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Notable 52-Week Highs and Lows of the Day 09/20: (NEM) (CELG) (V) High; (NFLX) (HLS) (STP) Low

September 20, 2011 3:27 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:
  • Newmont Mining Corp. (NYSE: NEM) high of $71.25. Newmont gaining as gold prices continue to rise. The metal is up $25.1 to $1804 per ounce, as investors look to the metal as a good buy following a couple of down trading days. Gold is down about 6.2 percent from a high of $1923.7 earlier in September.

  • Celgene Corporation (Nasdaq: CELG) high of $65.84. Celgene is moving higher today, continuing from a late move yesterday, as the company made a presentation at the UBS Global Life Sciences Conference. No data has been released yet, but Celgene moved 7.6 percent to its new high.

  • Visa, Inc. (NYSE: V) high of $94.75. Though it was largely known, Visa moved a bit higher Tuesday, following a late announcement Monday that Google (Nasdaq: GOOG) received a worldwide license to Visa payWave. Visa was up as much as 5.2 percent to the new mark.

  • Rex Energy Corporation (Nasdaq: REXX) high of $15.64. Rex ripped higher today, following an update on Illinois and Pennsylvania reserves. Overall, news showed increased flow rates on many plays. Rex moved over 15 percent higher Tuesday, following the news.
52-Week Low:
  • Netflix, Inc. (Nasdaq: NFLX) low of $129.37. Not much more to say about Netflix. The company rose prices rapidly, rather than gradually, issued a response and further information months after the fact, and then is splitting off the key business that got them there in the first place. Investors may be reevaluating this one. Shares are down over 36 percent since Netflix lowered its third-quarter domestic subscriber metrics late last week.

  • HealthSouth Corp. (NYSE: HLS) low of $14.07. HealthSouth is rebounding after falling about 22 percent early Tuesday morning. HealthSouth held a conference call to discuss the potential impact of the President's deficit reduction proposals related to inpatient rehabilitation facilities. The company said 39 of 97 hospitals operate at or above the 75 percent threshold, 23 hospitals are between 70 and 75 percent. The stock was downgraded at CRT Capital.

  • Suntech Power Holdings Co. Ltd. (NYSE: STP) low of $3.00. Suntech is continuing lower as the stock continues to fall along with the overall sector. Key factors on the drop include many revisions to outlook in the solar segment, overcapacity, and stagnant macroeconomic conditions.

  • Momenta Pharmaceuticals Inc. (Nasdaq: MNTA) low of $11.66. Continuing lower after approval of generic LOVENOX at Amphastar Pharmaceuticals. Momenta began selling generic LOVENOX last year, and had the only generic form of the product in the market until now. Tuesday, Cowen downgraded the stock from Outperform to Neutral, while Goldman slashed its price target from $20 to $12, maintaining its Neutral rating.



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