by Alyssa Oursler | November 20, 2012 9:54 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Everyone’s favorite ketchup company H.J. Heinz (NYSE:HNZ) 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.
Shares of utility services holding company Exelon Corp. (NYSE:EXC) 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.
Source URL: http://investorplace.com/2012/11/stocks-at-new-highs-new-lows-for-1120/
Short URL: http://invstplc.com/1nAC1TN
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.