Here’s one stock hitting a 52-week high and one finding a 52-week low today:
New High: Time Warner
Shares of media giant Time Warner (NYSE:) are up slightly today, sending the stock to a new 52-week high over $47. TWX has gained 30% year-to-date and 40% since a low in June.
Earlier this month, shares got a boost as the company beat earnings estimates by 4 cents in the most recent quarter despite a slight slip in revenue.
Last week, the media and entertainment giant also re-signed CEO Jeff Bewkers for five more years. Since he took over at the start of 2008, TWX has gained 37% and significantly outperformed the S&P 500, .
In other news, Jeff Zucker was recently named president of CNN cable news network, which has been slipping in the ratings thanks to competitors like News Corp‘s (NASDAQ:) Fox News and Comcast‘s (NASDAQ:
) MSNBC.
New Low: Centrais Eletricas Brasileiras
Centrais Eletricas Brasileiras (NYSE:) — an ADR of Eletrobras — is probably ready for a new start in 2013. Its stock has lost three-quarters of its value since January and today’s nearly double-digit fall has sent it to a new 52-week low.
Shares are now trading for just $3.60 vs. a 52-week high of $16.16. Today’s drop in particular came as Brazil’s government proposed compensating utilities a total far .
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.
