by Alyssa Oursler | November 21, 2012 10:02 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Think the recovering housing market is only good for homebuilders? Think again.
Shares of Whirlpool Corp. (NASDAQ:WHR) have gained more than 15% in the past month and have more than doubled since January. The stock, now trading for more than $100 per share, recently hit a new 52-week high.
Shares got a boost late last month on the heels of the company’s Q3 report. While overall profits for the world’s biggest seller of washing machines, refrigerators and other appliances fell, the company’s adjusted EPS stilll beat expectations. Plus, North American profits were strong as sales in the region rose more than 2% and operating income more than tripled.
On top of that, Whirlpool raised its full-year forecast, expecting full-year earnings of $6.90 to $7.10 a share, while analysts had only anticipated $6.54 per share. If the housing run — which has seen gains in purchases, prices, sentiment and construction — keeps up, Whirlpool could keep running, too.
Shares of RadioShack (NYSE:RSH), on the other hand, have seen better days. The company has shed more than 20% of its value in the last month alone, sending shares below $2. That’s around 80% less than its January price-tag just under $10, and brings the stock to a new 52-week low.
Last month, RadioShack missed on earnings — again — and sent investors running. The company has lost money every quarter this year, but that loss widened to 33 cents per share in the most recent three-month period — far worse than the 17-cent-per-share loss expected.
Rival retailer Best Buy (NYSE:BBY) is also sitting at a 52-week low as both face competition from e-commerce giant Amazon (NASDAQ:AMZN) and others.
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-1121/
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