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Some big names setting new highs today: STAR, GG, PIR, EBAY

Posted Oct 13th 2009 5:45PM by Michael FowlkesMichael Fowlkes RSS Feed
Filed under: Major movement, Cisco Systems (CSCO), eBay (EBAY), Market matters, Halliburton (HAL), Goldman Sachs Group (GS), Goldcorp Inc (GG), Commodities, S and P 500, DJIA, NASDAQ

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new 52 week highsWe had a lot of big names trading up to new 52 week highs again today. The overall markets were pretty flat, with the DOW closing the day down 0.14%, the NASDAQ closing the day's trading up 0.04%, and the S&P ending the day a bit lower to finish today's trading down 0.28%.

Here are a few of the names that moved higher during the day to set new 52 week highs.

  • Starent Networks Corp. (NASDAQ: STAR): Starent was up sharply today following news that the company would be acquired by Cisco Systems (NASDAQ: CSCO). At one point, STAR rose as high as $34.75 before closing the day up 16.8% at $33.92, up $4.88. Cisco announced that they would be buying the company for $35 a share. CSCO stock closed the day up 0.28% at $23.85, up $0.06.
  • Goldcorp Inc. (NYSE: GG): Goldcorp rose to a new 52 week high today on the back of rising gold prices which have been benefiting from a weak U.S. dollar. Goldcorp rose as high as $43.40 before closing out the day up 1.5% to $42.88.
  • Pier 1 Imports (NYSE: PIR): Pier 1 rose to a new 52 week high today after the company released very strong September same store sales yesterday. The company announced that September same store sales were up 9.9%. The stock set a new 52 week high today of $5.40 and ended the day's trading session up 10% to $4.85, up $0.44.
  • eBay, Inc. (NASDAQ: EBAY): Online auctioneer eBay traded up to new 52 week high today, with the stock receiving multiple price target increases. Goldman Sachs (NYSE: GS) raised its price target on the stock to $25 from $20, while Jefferies Group (NYSE: JEF) boosted its price target to $32 from $30. The stock traded up as high as $25.37 before closing the session up 1.6% at $25.18, up $$0.40.
Other big names that rose to new 52 week highs today include: Intel Corporation (NASDAQ: INTC), Schering Plough Corp. (NYSE: SGP), Halliburton Co. (NYSE: HAL), and Macy's Inc. (NYSE: M).

Tags: 52 week highs, 52WeekHighs, Cisco Systems, CiscoSystems, dollar, drugs, ebay, GG, gold, Goldcorp, Goldman Sachs, GoldmanSachs, GS, HAL, Halliburton, INTC, Intel, JEF, Jefferies, M, Macys, new highs, NewHighs, Pier 1, Pier1, PIR, retailers, Schering Plough, ScheringPlough, SCSO, SGP, STAR, Starent

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 02:13 AM

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