Notable 52-Week Highs and Lows of the Day 04/27: (ERIC) (T) (AMZN) High; (LFT) (LEE) (MMI) 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.
52-Week High:
52-Week High:
- LM Ericsson Telephone Co. (Nasdaq: ERIC) high of $14.81. Ericsson shares are rocking today following a first-quarter report from the Company. Ericsson reported Q1 EPS of SEK1.52 on revs of SEK 53 billion, compared with EPS of SEK 0.87 on revs of SEK 45.1 billion reported in the same period last year.
- AT&T, Inc. (NYSE: T) high of $31.42. AT&T is higher into Sprint (NYSE: S) earnings tomorrow, and could be seeing some up side following LM Ericsson earnings today. Additionally, Apple (Nasdaq: AAPL) announced its new white iPhone which will be sold in AT&T stores (along with Verizon (NYSE: VZ)).
- Amazon.com Inc. (Nasdaq: AMZN) high of $194.76. Higher today following its first-quarter earnings report, which came out after the market closed yesterday. Amazon had EPS of $0.44 on revs of $9.86 billion, mixed to the consensus, which called for EPS of $0.61 and revs of $9.52 billion. Guidance from Amazon was also mixed.
- Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) high of $71.74. Regeneron may have been seeing some upside today following reports that the Phase III VELOUR trial evaluating the investigational agent ZALTRAP (aflibercept) in combination with the FOLFIRI chemotherapy regimen [folinic acid (leucovorin), 5-fluorouracil, and irinotecan] versus a regimen of FOLFIRI plus placebo met its primary endpoint of improving overall survival (OS) in the second-line treatment of metastatic colorectal cancer (mCRC). Shares noticeably made a mid-day surge today, triggering a circuit breaker and halting shares (though they've since resumed trading).
- Longtop Financial Technologies Limited (NYSE: LFT) low of $16.70. Longtop said its policy is to not comment on unusual market activity or rumors following yesterday's 13 percent drop. Longtop was the target of a negative research report yesterday, which potentially led to the drop in stock price.
- Lee Enterprises Inc. (NYSE: LEE) low of $1.60. Though shares have seen pressure below the $3.00 price level, Lee might be experiencing more downside following a WSJ article which notes that Standard & Poor's rated Lee's latest debt offering at B for its first-lien notes and CCC+ for its second-lien. The stock is off 54.6 percent since hitting a recent high of $3.47 earlier in April.
- Motorola Mobility Holdings, Inc. (NYSE: MMI) low of $22.56. Though possibly not a true 52-week low (Motorola only split into two companies a few months ago), Motorola Mobility has seen some downward pressure as consumers increasingly choose HTC and Apple devices. Notably, Motorola Mobility is expected to release its quarterly earnings after the market closes tomorrow, and shares might be seeing additional pressure from Apple news today.
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