Stocks at New Highs, New Lows for 12/18

Salesforce.com sneaks higher, R.R. Donnelley still struggles

   
Stocks at New Highs, New Lows for 12/18

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

New High: Salesforce.com

Shares of Salesforce.com (NYSE:CRM) have soared to a new all-time high around $170 after slight gains this morning. The company has been heading upwards with force since early August, gaining nearly 40% since then and almost 67% in all of 2012.

The cloud computing company bought social marketing business Buddy Media earlier in the year and has also been upgraded by several analysts in recent weeks. Susquehanna moved its price target on the stock from $175 to $185 last week, while another analysts hiked its target from $180 to $200 before that.

Salesforce reports earnings on Feb. 21 after the market closes. In its most recent report, the company beat expectations by a penny as revenue grew by nearly 35% year-over-year.

New Low: R.R. Donnelley & Sons

R.R. Donnelley & Sons (NASDAQ:RRD) opened slightly in the red today, sending shares to nearly $8.50 and around a 52-week low. On the year, RRD has shed 40% of its value. In January, shares were worth over $14.

The company got some bad press in late October following its snafu with Google (NASDAQ:GOOG) earnings. The financial printer filed a draft of Google’s 8K early.

R.R. Donnelley’s dismal year has dwindled its market cap to just over $1.5 billion. Recently, the company got the boot from the S&P 500. Garmin (NASDAQ:GRMN), which has a market cap of over $8 billion now, was chosen to replace it. RRD is now in the MidCap 400 index.

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


Article printed from InvestorPlace Media, http://investorplace.com/2012/12/stocks-at-new-highs-new-lows-for-1218/.

©2014 InvestorPlace Media, LLC

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