The markets had a relatively flat day to start the week, but there were some big name stocks that traded up to new 52 week highs in today's session. The DOW was up 0.2%, NASDAQ was down 0.01%, while the S&P saw the most change, closing up 0.4%.Here are a couple of the bigger names that traded up to new 52 week highs in today's trading.
- Intel Corporation (NASDAQ: INTC): Chipmaker Intel Corp. traded up to a new 52 week high today of $20.65. It set its 52 week low of $12.05 back on 2/23/09. The stock is trading higher today ahead of the company's third quarter earnings numbers, which are due out tomorrow following the market close. Analysts are expecting the company to show earnings of 27 cents per share. The company reported a loss of 7 cents per share for its second quarter. The stock closed the day up 1.1% at $20.40, up $0.23 on the day.
- Seagate Technology (NYSE: STX): Seagate manufactures disk drives, and the company set a new 52 week high today, trading up as high as $16.40 on the day. The stock was on the move today after the research firm Brean Murray initiated coverage on the stock with a Buy rating and set a $20 price target on the shares. The stock closed the day up 2.5% to $15.84, up $0.38.
- Schering Plough (NYSE: SGP): The drug company traded up to a new 52 week high today of $28.89, and settled the day close to its new high, closing up 0.2% to $28.82, up $0.05. The stock is still riding last Friday's news that the FDA had approved its drug Pegintron, which is used to fight stage III malignant melanoma. The company will be reporting its third quarter earnings later this month.
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