Wal-Mart, Intel, Microsoft and News Corp Stocks Achieve 52-Week Highs Jan 20th
The stock market finished the week on Friday on a very positive note. The DJIA, S&P and Nasdaq are each approaching their highest levels in 3 years. The following stocks achieved their best price in 52-weeks:
Wal-Mart Stores (NYSE:WMT): Wal-Mart Stores announced a number of changes across the business, drawing on a deep bench of internal talent. Current Sam’s Club President and CEO Brian Cornell to leave he company. With his departure, Rosalind G. Brewer, 49, is promoted to president and CEO of Sam’s Club, reporting to CEO Mike Duke, effective Feb. 1. Brewer was most recently president of the Walmart U.S. east business unit. Rollin Ford, 49, is promoted to chief administrative officer, or CAO, for the company, effective Feb. 1. Ford was most recently the company’s chief information officer, and will continue reporting to Duke. Ford will play an important role in helping the company meet its commitment to reduce SG&A expenses as a percentage of sales by more than 100 bps over the next five years. Ford’s efforts will include a focus on leveraging scale, reducing expenses and increasing productivity around the world. Gisel Ruiz, 41, is promoted to executive vice president and chief operating officer for Walmart U.S., effective Feb. 1. In this position, she will be responsible for the company’s U.S. operations, which cover more than 3,800 stores and include Supercenters, discount stores, Neighborhood Markets and Walmart Express formats. Gisel will continue reporting to Walmart U.S. President and CEO Bill Simon and all three regional business unit presidents will report to her. Ruiz was most recently executive vice president of People for Walmart U.S. where she was responsible for the human resources and store innovation organizations supporting more than 1.2M associates. Karenann Terrell, 50, is promoted to CIO for the company, effective Feb. 1. The shares closed at $61.01, up $0.4 or 0.66% on the day. They have traded in a 52-week range of $48.31 to $61.06.
Intel Corp. (NASDAQ:INTC): As previously announced by Intel’s board of directors, Andy Bryant will move from vice chairman of the board to full-time executive chairman at the company’s Annual Stockholders?Meeting in May. In anticipation of that change, Intel is promoting two senior executives, one of whom will take on much of Bryant’s prior responsibilities. The company has promoted Brian Krzanich to COO, reporting to Paul Otellini, president and CEO. Krzanich had previously been a senior vice president in charge of Intel’s worldwide manufacturing. In his new role, Krzanich will continue to oversee manufacturing and also take on responsibility for internal IT and human resources, functions that previously reported into Bryant. The shares closed at $26.38, up $0.75 or 2.93% on the day. They have traded in a 52-week range of $19.16 to $25.92.
Microsoft Corp. (NASDAQ:MSFT): Intel (NASDAQ:INTC) CEO Paul Otellini said last night that tablets running on Microsoft’s (NASDAQ:MSFT) Windows 8 operating system are “being queued up for production,” according to Cnet. Otellini added that tablets running on Google’s (NASDAQ:GOOG) Android operating system can’t compete with Apple’s (NASDAQ:AAPL) iPad right now. However, Android tablets will do better once they’re equipped with the latest version of Android, Ice Cream Sandwich, the CEO said, the publication added. The shares closed at $29.71, up $1.59 or 5.65% on the day. They have traded in a 52-week range of $23.65 to $29.46.
News Corp. (NASDAQ:NWSA): After News Corp.’s (NASDAQ:NWSA) U.K. newspaper unit gave secret internal e-mails to a judge in London who called them startling, the company was ordered to search an unidentified former senior employee’s laptops for evidence of a phone-hacking cover up, reports Bloomberg Businessweek. The shares closed at $19.19, down $0.54 or 2.74% on the day. They have traded in a 52-week range of $13.38 to $19.74.
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