IACI, Intel, Lennar, Marriot Achieve 52-Week Stock Price Highs as Markets Go Nowhere
Iac/Interactivecorp (NASDAQ:IACI): InterActiveCorp reports Q1 EPS 51c versus consensus 46c. The shares closed at $50.36, up $1.62 or 3.32% on the day. They have traded in a 52-week range of $33.89 to $51.05.
Intel Corp. (NASDAQ:INTC): Imation (NYSE:IMN) announced that McAfee will transition its Encrypted USB device business to Imation, a McAfee partner and the McAfee Encrypted USB devices’ OEM manufacturer and supplier. Imation will sell these USB devices and the related USB management software extension for McAfee ePolicy Orchestrator, and will provide support for new Encrypted USB customers. McAfee is a subsidiary of Intel (NASDAQ:INTC). The shares closed at $29.18, up $0.23 or 0.79% on the day. They have traded in a 52-week range of $19.16 to $29.05.
Lennar Corp. (NYSE:LEN): Two House Democrats said in a letter to the acting director of the Federal Housing Finance Agency that a Fannie Mae pilot program that would have cost only $1.7M but could have provided more than $410M worth of benefits to homeowners was abruptly canceled, apparently for ideological reasons, according to The Los Angeles Times. The new documents contradict Edward DeMarco’s congressional testimony that analyses by Fannie and Freddie concluded that other forms of homeowner assistance were less costly to taxpayers, according to the lawmakers. The shares closed at $29.02, up $0.76 or 2.69% on the day. They have traded in a 52-week range of $12.14 to $28.75.
Macerich Company (NYSE:MAC): Macerich reports Q1 FFO 74c versus consensus 68c The shares closed at $62.29, up $0.3 or 0.48% on the day. They have traded in a 52-week range of $38.64 to $62.65.
Marriot International (NYSE:MAR): Macau reports April casino revenue up 21.9% to MOP 25B. The shares closed at $39.99, up $0.34 or 0.86% on the day. They have traded in a 52-week range of $25.49 to $39.90.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.