Stocks at New Highs, New Lows for 11/20

by Alyssa Oursler | November 20, 2012 9:54 am

Stocks at New Highs, New Lows for 11/20

Here’s one stock hitting a 52-week high and one finding a 52-week low today:

New High: H.J. Heinz

Everyone’s favorite ketchup company H.J. Heinz (NYSE:HNZ[1]) hit a new 52-week high this morning despite a slight slide after the open. The company has been on a slow-and-steady upward trend since relatively early in the year, gaining more than 6% year-to-date.

The consumer goods giant just posted Q2 earnings of $289.4 million, or 90 cents a share, an increase from $237 million, or 73 cents, earned a year ago and 2 cents better than analysts were expecting. Sales also gained, going from $2.81 billion to $2.83 billion, but that was still slightly below expectations.

Heinz also expects to enjoy 4% organic sales growth in fiscal 2013, along with a 5% to 8% gain in EPS. Plus, it has now topped analysts estimates for four straight quarters.

For more on the stock, check out this consumer stocks gallery[2].

New Low: Exelon Corp.

Shares of utility services holding company Exelon Corp. (NYSE:EXC[3]) opened in the red today, sending the stock to a new 52-week low. The company has been sliding slowly since January but fell off a cliff in mid-October. Since then, shares have plummeted more than 20%.

Exelon Corp. is currently trading at just over $29 per share — far off from its share price of more than $43 back in January. It is the largest owner and operator of nuclear-power plants in the U.S.

The company recently had to pay $400,000 to settled violations related to its acquisition of Constellation Energy Group earlier this year. Exelon also owns Commonwealth Edison.

As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.

Endnotes:
  1. HNZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=HNZ
  2. consumer stocks gallery: http://investorplace.com/2012/11/5-gotta-have-brands-for-colleagues-and-investors-ko-krft-hnz-pg-cpb-mdlz/
  3. EXC: http://studio-5.financialcontent.com/investplace/quote?Symbol=EXC

Source URL: http://investorplace.com/2012/11/stocks-at-new-highs-new-lows-for-1120/
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