by Alyssa Oursler | December 18, 2012 9:54 am
Here’s one stock hitting a 52-week high and one finding a 52-week low today:
Shares of Salesforce.com (NYSE:CRM[1]) 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[2] 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.
R.R. Donnelley & Sons (NASDAQ:RRD[3]) 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[4] with Google (NASDAQ:GOOG[5]) earnings. The financial printer filed a draft[6] 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[7]. Garmin (NASDAQ:GRMN[8]), 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.
Source URL: https://investorplace.com/2012/12/stocks-at-new-highs-new-lows-for-1218/
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