by Alyssa Oursler | November 29, 2012 10:45 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Shares of media giant Time Warner (NYSE:TWX[1]) are up slightly today, sending the stock to a new 52-week high over $47. TWX has gained 30% year-to-date and 40% since a low in June.
Earlier this month, shares got a boost as the company beat earnings estimates by 4 cents in the most recent quarter despite a slight slip in revenue.
Last week, the media and entertainment giant also re-signed CEO Jeff Bewkers for five more years. Since he took over at the start of 2008, TWX has gained 37% and significantly outperformed the S&P 500, according to Market Watch[2].
In other news, Jeff Zucker was recently named president of CNN cable news network, which has been slipping in the ratings thanks to competitors[3] like News Corp‘s (NASDAQ:NWSA[4]) Fox News and Comcast‘s (NASDAQ:CMCSA[5]) MSNBC.
Centrais Eletricas Brasileiras (NYSE:EBR.B[6]) — an ADR of Eletrobras — is probably ready for a new start in 2013. Its stock has lost three-quarters of its value since January and today’s nearly double-digit fall has sent it to a new 52-week low.
Shares are now trading for just $3.60 vs. a 52-week high of $16.16. Today’s drop in particular came as Brazil’s government proposed compensating utilities a total far less than the company was expecting[7].
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.
Source URL: https://investorplace.com/2012/11/stocks-at-new-highs-new-lows-for-1129/
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