Pfizer, Monsanto and Seagate Shares Achieve New 52-Week Highs
As all 3 major indices churned higher in market action today, here are 3 major stocks that won big with shareholders today:
Monsanto Company (NYSE:MON): The U.S. Department of Agriculture’s supply versus demand report expect inventory levels of global wheat and corn to increase, not good news for grain prices or other agriculture stocks. The shares closed at $80.27, up $0.42 or 0.53 percent. Their 52-week trading range had been $58.89 to $79.97.
Seagate Technology. (NASDAQ:STX): Seagate pre-announced sensational fourth results and gets a boost from a meeting with Citigroup at the Consumer Electronics Show. The firm says STX will “generate a disproportionate amount of cash in the near term,” and management appears eager to reward shareholders. The shares closed at $19.37, up $0.68 or 3.64 percent. Their 52-week trading range had been $9.05 to $18.83.
Pfizer (NYSE:PFE): Bloomberg reports Abbott is not bidding for Pfizer’s nutrition unit. An Abbott (NYSE:ABT) spokesperson confirmed they are not going to participate in the bidding process Pfizer’s (NYSE:PFE) baby and infant nutrition business. The sale could amount to $10.5 billion for the unit, as Nestle (NSRGY) and Danone (DANOY) could be interested. The shares closed at $21.99, up $0.09 or 0.41 percent. Their 52-week trading range had been $16.63 to $22.00.
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