AIG Among These Stocks Achieving 52-Week Highs as DJIA Closes Above 13,200
American International Group (NYSE:AIG): AIG reports Q1 EPS $1.65, consensus $1.12 Reports book value per common share $57.68 vs. $44.33 a year ago. The shares closed at $34.14, down $0.62 or 1.78% on the day. They have traded in a 52-week range of $19.18 to $35.04.
Abbott Laboratories (NYSE:ABT): Abbott and Action Pharma A/S have entered into an agreement in which Abbott will acquire AP214 from Action Pharma.AP214 is in development to prevent acute kidney injury associated with major cardiac surgery in patients at increased risk and has further potential in adjacent indications. Under the terms of the agreement, Abbott will acquire all global rights to develop and commercialize AP214 for the prevention of AKI and other relevant indications. Abbott will provide a cash payment of $110M to Action Pharma and will be responsible for funding all future development and commercialization activities regarding AP214. No later milestone payments or royalties will be paid to Action Pharma. Abbott expects to incur a one-time specified item in the second quarter of 2012, related to this payment. The shares closed at $63.05, up $0.4 or 0.64% on the day. They have traded in a 52-week range of $46.29 to $62.75.
Assisted Living Conc (NYSE:ALC): Assisted Living Concepts announced that it will delay its previously announced May 3 earnings release and conference call discussion regarding its Q1 financial results. ALC has not determined a new date for the release and associated conference call. The shares closed at $19.17, up $1.23 or 6.86% on the day. They have traded in a 52-week range of $11.16 to $18.46.
American Tower Corp. (NYSE:AMT): Sees adjusted FFO $1.17B-$1.2B. Sees FY rental and management revenue $2.745B-$2.795B. The shares closed at $67.05, up $1.13 or 1.71% on the day. They have traded in a 52-week range of $46.04 to $66.12.
America Movil S.A (NYSE:AMX): America Movil SAB (AMX, AMOV), the wireless carrier controlled by Carlos Slim, won an appeal striking down a fine of nearly $1B by Mexico’s antitrust agency, reports Bloomberg. The company said the agency decided in an April 30 vote to nullify its decision last year to penalize the company for monopolistic practices. The shares closed at $27.44, up $0.32 or 1.18% on the day. They have traded in a 52-week range of $20.65 to $27.26.
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