3 Popular Stocks Hitting New 52-Week Highs
Carl Icahn may be successfully reselling CVR Energy (NYSE:CVI) resulting in John Paulson’s support. Paulson made some comments at the Ira Sohn Investment Conference describing CVR Energy as “particularly friendly to shareholders” and a “gift from Carl Icahn.”
The shares closed at $30.50, up $0.15 or 0.49% on the day. They have traded in a 52-week range of $16.62 to $30.51.
NetEase Inc (NASDAQ:NTES), a Chinese online game developer/portal, has made new highs reporting a revenue of $318.2 million (up 39% from year to year) and earnings per share of $1.14. This is a major difference from street estimates of $8.5 million and $0.13 per share. This surge in growth resulted mainly from the company’s recent games Ghost and Tianxia III. NetEase also possesses a microblogging service which showed a 24% increase from quarter to quarter bringing the number of users to 121 million. Also, registered e-mail accounts increased to 480 million bringing a 6.7 % quarter to quarter increase.
The shares closed at $60.47, up $2.78 or 4.82% on the day. They have traded in a 52-week range of $35.74 to $61.45.
Not only did Verizon Communications (NYSE:VZ) CFO Fran Shammo speak about the future of shared data plans, he also stated that, due to overwhelming customer satisfaction, Big Red may raise prices for FiOS TV and internet services. This information is revealed regardless of the fact that Verizon has shown no interest in an investment to expand FiOS into other markets. Broadband prices may be raised for Time Warner Cable (NYSE:TWC) customers as well.
The shares closed at $41.37, up $0.49 or 1.2% on the day. They have traded in a 52-week range of $32.28 to $41.43.
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