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Notable 52-Week Highs and Lows of the Day 04/30: (KFT) (CPTS) (CCE) High; (HEK) (GG) (CDII) Low

April 30, 2012 3:33 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:
  • Kraft Foods Inc. (NYSE: KFT) high of $39.92. Kraft Foods moved well over 1 percent on the sessoion Monday to its new high. Earlier, J.P. Morgan upgraded the stock from Neutral to Overweight with a price target of $45.

  • Conceptus, Inc. (Nasdaq: CPTS) high of $20.20. Conceptus said it reached an agreement with Hologic, Inc. (Nasdaq: HOLX) to settle the ongoing patent infringement litigation related to Hologic's Adiana Permanent Contraception System.

    Under the terms of the settlement agreement, Hologic has agreed to remove its Adiana system from the worldwide permanent birth control market by May 18, 2012. In addition, Conceptus has relieved Hologic of the $18.8 million payment for monetary damages awarded to Conceptus as part of the October 17, 2011 jury verdict.

  • Coca-Cola Enterprises (NYSE: CCE) high of $30.73. Coca-Cola Enterprises moving higher following reports Coca-Cola (NYSE: KO) might be in takeover talks with Monster (Nasdaq: MNST).

  • Harman Int'l (NYSE: HAR) high of $52.75. Harman moving higher on earnings Monday. The Company reported second-quarter EPS of 74 cents on revs of $1.10 billion, versus views calling for EPS of 67 cents and revs of $1.04 billion.
52-Week Low:
  • Heckmann Corporation (NYSE: HEK) low of $3.75. Ladenburg Thalmann cut Hekmann from Buy to Sell, a two-notch move, while halving its price target from $7 to $3.25.

  • Goldcorp Inc. (NYSE: GG) low of $38.06. It was disclosed that Goldcorp's joint venture with New Gold (AMEX: NGD) had its environmental permit for the El Morro Project approval process by the Chilean Supreme Court. New Gold is a 30 percent partner and Goldcorp is the 70 percent partner and the project developer and operator.

  • CD International Enterprises (Nasdaq: CDII) low of $0.25. CD Int'l disclosed late last Friday it received a notice from The NASDAQ Stock Market LLC stating that the staff of Nasdaq believes that the continued listing of the Company’s securities on Nasdaq is no longer warranted based on public interest concerns and their assertion that manipulative trading activity occurred in the Company’s common stock.


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