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Notable 52-Week Highs and Lows of the Day 11/17: (NLST) (BKS) (PM) High; (JEF) (AMR) (PERY) Low

November 17, 2011 3:39 PM EST
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:
  • Netlist Inc. (Nasdaq: NLST) high of $3.75. Netlist continues to surge on the HyperCloud deal with IBM and Hewlett-Packard mentioned earlier in the week. Shares are up 95 percent since a close of $1.92 last Friday.

  • Barnes & Noble, Inc. (NYSE: BKS) high of $17.44. Barnes & Noble moving higher Thursday as CEO Bill Lynch made a presentation at Liberty Media's (Nasdaq: LINTA) Investor Day. Click here for some of the comments from the meeting. Barnes & Noble moved about 7.7 percent to the new mark Thursday.

  • Philip Morris International, Inc. (NYSE: PM) high of $73.46. Philip Morris is continuing higher Thursday, following a boosted EPS outlook issued mid-day Wednesday. The company raised its fiscal 2011 earnings guidance from a range of $4.75 to $4.80 to at least $4.85. The Street was looking for $4.82 per share. Philip Morris also said it expects to meet its 10 percent to 12 percent growth target for fiscal 2012. Both Goldman and Barclays became bullish on Philip Morris today as well, helping shares along.

  • Reynolds American Inc. (NYSE: RAI) high of $40.42. Reynolds moving along on positive sentiment for Philip Morris. Reynolds rose about 1.4 percent to its high today.
52-Week Low:
  • Jefferies Group, Inc. (NYSE: JEF) low of $9.50. Jefferies continues to feel pressure as investors and traders may be comparing it to no defunct MF Global (OTCBB: MFGLQ). Despite disclosing it's positions in Europe, Jefferies can't shake the move. Click here for more color.

  • AMR Corporation (NYSE: AMR) low of $1.63. AMR Corp. lower again today on speculation it may be under bankruptcy watch following stalled talks with pilots. One Sterne Agee analyst said that AMR might want to consider alternatives rather than just watch cash reserves vanish. AMR moved over 10 percent lower on the session.

  • Perry Ellis International Inc. (Nasdaq: PERY) low of $13.76. Perry Ellis lower following third-quarter earnings results and lowered outlook. Perry Ellis reported earnings of 40 cents per share on revenue of $248.4 million, missing views calling for earnings of 61 cents per share and revenue of $254.3 million. Looking ahead, Perry Ellis lowered its fiscal 2012 earnings outlook from a range of $2.45 to $2.52, to about $2.00.

  • FiberTower Corporation (Nasdaq: FTWR) low of $0.2231. FiberTower continuing lower Thursday after announcing late Wednesday that it has reduced its workforce approximately 40 percent, and has halted all capital and project related spending in an effort to conserve existing liquidity. Remaining staff will be focused on maintaining the Company's network and day-to-day operations as management makes decisions about future actions.


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Jefferies & Co, Sterne Agee, Barclays, Bankruptcy, Earnings