Progress Energy Inc. (NYSE:PGN): Shares were higher on Duke Energy’s (NYSE:DUK) statement that it could likely close its $13.7 billion acquisition of the Progress Energy by July 1 in view of the new conditions stipulated by federal regulators on the deal, which were, in effect, a favorable development. The deal was cleared Friday by the FERC but with riders such as the submission of periodic updates on the status of transmission upgrades. The shares closed yesterday at $59.60, up $1.47. They have traded in a 52-week range of $42.05 to $60.59. Today, shares are cooling off at $58.94.
AT&T Inc. (NYSE:T): Shares were up despite a Los Angeles Times report of land-line workers walking out on their jobs across California and Nevada in a one-day protest against AT&T’s contract conditions.The shares closed at $34.59, up $0.04. They have traded in a 52-week range of $27.29 to $35. Shares trading flat at $34.55 per share today.
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Target Corp. (NYSE:TGT): Shares were down even as Republican governors mounted demands on Congress to levy sales tax on online, e-commerce purchases, with the House Judiciary Committee’s Republican chairman saying that a panel hearing on the matter could take place as early as July, according to a report in The Hill. The report also mentioned that it may be difficult to enable the legislation within 2012. The shares closed at $58.70, down $0.5. They have traded in a 52-week range of $45.28 to $59.40. Today, shares are slightly lower at $58.47 per share.
Under Armour (NYSE:UA): Shares lost after Morgan Stanley’s removal of the company from its Best Ideas List due to concerns on valuation and the near future lack of drivers to take the price higher, though it maintained an Overweight stance on the stock with a PT of $116. The shares closed at $102.74, down $0.57. They have traded in a 52-week range of $52.62 to $107.15. Today, shares are trading at $103.87 per share.
Verizon Communication (NYSE:VZ): William Blair said channel checks through North America revealed that Apple’s (NASDAQ:AAPL) momentum was slowing – this fact was more in evidence at Verizon, who is believed to be pushing sales of 4G devices made by Apple’s rivals. The shares closed at $42.56, up $0.12. They have traded in a 52-week range of $32.28 to $42.95. Shares are in the green at $42.77 per share today.
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