Garmin, Genesis, GNC, Holly Energy, Discovery Score 52-Week Stock Price Highs as DJIA Closes Above 12,900

Garmin Ltd (NASDAQ:GRMN): LightSquared may look to swap its wireless airwave licenses for similar ones operated by the U.S. Department of Defense, people familiar with the plans tell the Wall Street Journal. The FCC recently decided it would not allow LightSquared to operate its network due to interference concerns. The shares closed at $44.18, up $0.22 or 0.5% on the day. They have traded in a 52-week range of $29.23 to $44.38.

Genesis Energy L.P. (NYSE:GEL): Reported Q4 revenue $806.88M vs. consensus $815.35M. The shares closed at $30.16, up $0.46 or 1.55% on the day. They have traded in a 52-week range of $20.85 to $30.10.

Gnc Holdings Inc. (NYSE:GNC): New store expectations: approximately 125 net new domestic retail locations, 15 net new domestic franchise locations, 150 net new international franchise locations, and 50 net new GNC-Rite Aid store-within-a-store locations. The shares closed at $32.66, up $2.66 or 8.87% on the day. They have traded in a 52-week range of $16.08 to $30.32.

Holly Energy Partner (NYSE:HEP): Holly Energy reported Q4 EPS 97c vs. consensus 67c. The shares closed at $61.41, up $3.85 or 6.69% on the day. They have traded in a 52-week range of $45.40 to $61.05.

Discovery Communications (NASDAQ:DISCA): After reporting earnings, the company forecasted FY12 adjusted OIBDA $2.05B-$2.15B and net income available to stockholders $975M-$1.08B. The shares closed at $44.94, down $0.81 or 1.77% on the day. They have traded in a 52-week range of $34.75 to $45.81.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com