Notable 52-Week Highs and Lows of the Day 05/24: (LCC) (PETM) (DUK) High; (NTAP) (RIMM) (CPRX) Low

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:

• US Airways Group, Inc. (NYSE: LCC) high of $12.23. Easing fuel prices is causing JPMorgan to raise views for the airline industry. The firm writes April and May revs per ASM indicates demand is intact and it would take about a 6 percent decline to offset a 40 cents per gallon dip in fuel prices since February.
  
  For 2012, JPMorgan sees operating profits up 55 percent and 40 percent in 2013. For US Airways in particular, the firm expects over 50 percent profit growth in 2013.
  
  
• Duke Energy Corp. (NYSE: DUK) high of $21.97. In lieu of some solid trends lately, Duke Energy got a boost from UBS today as the firm upgraded shares from Neutral to Buy, while boosting its price target 9.1 percent to $24.
  
  
• PetSmart, Inc. (Nasdaq: PETM) high of $64.38. PetSmart moving higher again Thursday following an 11.1 percent run on Wednesday after a solid quarterly report from the pet goods retailer. Mostly, investors are loving PerSmart's boosted outlook for fiscal 2012, which saw its EPS range move from $3.02 to $3.16 up to $3.19 to $3.31. The consensus was expecting EPS of $3.14.
  
  
• AFC Enterprises Inc. (Nasdaq: AFCE) high of $21.41. AFC Enterprises moving higher on solid first-quarter 2012 numbers. EPS came in at 35 cents on revs of $52.8 million, besting views calling for EPS of 31 cents and revs of $49.2 million. Comps rose 7.4 percent.
  
  Looking ahead, AFC lifted 2012 same-store sales guidance from 3 percent to 4 percent up to a range of 4 percent to 5 percent.

52-Week Low:

• NetApp, Inc. (Nasdaq: NTAP) low of $27.75. NetApp lower a fourth-quarter 2012 beat which included revs of $1.70 billion and EPS of 66 cents. However, investors were focused on guidance calling for first-quarter 2013 revs of $1.4 billion to $1.5 billion and non-GAAP EPS in the range of 34 cents to 39 cents, versus expectations calling for revs of $1.61 billion and EPS of 59 cents.
  
  
• Research In Motion (Nasdaq: RIMM) low of $10.63. RIM lower following reports its head of global sales, Patrick Spence, was leaving the company. For more color, click here.
  
  Just another brick not in RIMs wall here. The stock is off 75.6 percent from annual highs hit almost exactly one-year ago. Shares have been well below the 200-day DMA over the last year as investors have continued to call into question RIMs growth strategy and trajectory, even amid changes atop the hierarchy.
  
  
• Catalyst Pharmaceutical Partners, Inc. (Nasdaq: CPRX) low of $0.4995. Catalyst priced a 6 million unit offering at 80 cents per unit. Each unit consists of one share of its common stock and a warrant to purchase up to one share of its common stock. Total net proceeds expected on the offering are $4 million.
  
  Catalyst had a total market cap of $21.5 million as of Wednesday's close.
  
  
• Polycom, Inc. (Nasdaq: PLCM) low of $10.59. Ploycom could be seeing a little downside from NetApp today, which, along with Hewlett-Packard (NYSE: HPQ) earnings, is pressuring the tech sector today.

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