Notable 52-Week Highs and Lows of the Day 04/11: (LVS) (SBUX) (TITN) High; (NOK) (JAG) (OPNT) 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:
- Las Vegas Sands Corp. (NYSE: LVS) high of $60.93. Sands moving to a new high after getting a target boost from $62 to $69 at BMO Capital earlier in the session. The firm still rates Sands an Outperform. Shares traversed 4.3 percent to the new mark.
- Starbucks Corp. (Nasdaq: SBUX) high of $59.24. Starbucks moving higher, possibly as the threat of a tsunami in Sumatra subsided following a massive 8.2-magnitude shaker off the coast of Indonesia's coffee mecca. Already high coffee prices would move even higher on any disruption from the world's fourth-largest coffee producing region.
- Titan Machinery, Inc. (Nasdaq: TITN) high of $33.35. Titan higher after reporting fourth-quarter earnings of 84 cents per share on revs of $607 million, compared with Street views calling for earnings of 52 cents and revs of just $433.3 million.
Looking ahead, Titan sees fiscal 2012 EPS of $2.55 to $2.75, versus the consensus of $2.06, and revenue of $1.95 to $2.10 billion, versus the consensus of $1.68 billion.
- Mattress Firm (Nasdaq: MFRM) high of $45.42. Mattress Firm reported fourth-quarter 2011 EPS of 56 cents on revs of $188.6 million, versus views calling for EPS of 19 cents and revs of $177.2 million. The Company today announced the signing of a purchase agreement for all of the equity interests of Mattress Giant for approximately $47 million in cash, subject to customary purchase-price and certain other adjustments.
- Nokia Corp. (NYSE: NOK) low of $4.21. Nokia lower after cutting its first-quarter 2012 Devices & Services outlook and sees second-quarter 2012 non-IFRS Devices & Services operating margin o be similar to or below the first quarter 2012 level. For more color on the outlook, click here.
Shares have not traded at this level since 1997.
- Jaguar Mining Inc. (NYSE: JAG) low of $3.43. May be moving lower as peer Shandong Gold saw is shares halted on the Shanghai Stock Exchange. Speculation surround whether it will be acquired, bad news for Jaguar, which recently announced it would explore strategic options moving forward. In addition, RBC Capital downgraded Jaguar Mining from Sector Perform to Underperform earlier.
- OPNET Technologies Inc. (Nasdaq: OPNT) low of $22.70. As reported earlier, OPNET "announced that based on preliminary estimates it expects revenue for the fourth fiscal quarter, ended March 31, 2012, to be in the range of $44.4 to $44.6 million. Therefore, it expects revenue for fiscal 2012 to be in the range of $172.6 to $172.8 million. GAAP diluted net income per common share for the fourth quarter of fiscal 2012 is expected to be between $0.16 and $0.17. Non-GAAP diluted net income per common share for the fourth quarter of fiscal 2012 is expected to be between $0.20 and $0.21. The non-GAAP diluted net income per common share expectation for the fourth quarter excludes approximately $864,000 of expenses associated with stock-based compensation expense, amortization of acquired intangible assets, and the related impact of these adjustments on the provision for income taxes. The Street was looking for revs of $46.99 million and EPS of 26 cents. FY11 revs to be $175.2 million."
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