AT&T and Disney Drive 52-Week High Achievers This Week
Walt Disney Company (NYSE:DIS): Disney (NYSE:DIS) sees red over Coinstar’s (NASDAQ:CSTR) move to get around Disney’s embargo on new DVD sales through outlets for 28 days – Coinstar just went out to other market sources and bought the DVDs to stock-pile its kiosks! Yesterday, shares closed at $45.63, up $0.1 or 0.22 percent for the day. They have traded in a 52-week range of $28.19 to $46.10.
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AT&T Inc. (NYSE:T): Yesterday, the company’s shares closed at $34.16, down $0.4 or 1.16 percent on the day following its announcement this week that it will launch Samsung Galaxy S III in June. Shares have traded in a 52-week range of $27.29 to $34.56.
Tree.Com (NASDAQ:TREE): Shares lost 0.11 percent for the day after the company’s announcement that a wholly-owned subsidiary of Discover (NYSE:DFS) had purchased almost all of the operating assets of Tree’s Home Loan Center business. The consideration for the purchase was $45.9 million in total, of which a part is still in escrow till certain contingent liabilities that have not been taken over by Discover, are settled. Discover will pay another $10 million after a year based on certain conditionalities. Yesterday, shares closed at $9.03, down $0.01. They have traded in a 52-week range of $4.64 to $9.23.
American Water Works (NYSE:AWK): Shares lost 1.8 percent though wholly owned subsidiary Indiana American Water would benefit from increased annual revenue of $1.948 million following an order by the Indiana Utility Regulatory Commission (IURC) that enhanced the rates chargeable by the company for water supplied to users across the state. The previous rate hike occurred in April 2010. The company’s investments in water infrastructure and higher operating costs may have provided the rationale for the increase. Yesterday, shares closed at $34.32, down $0.63. They have traded in a 52-week range of $25.39 to $34.98.
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