EdgeWater 10/15/2010 2:38:35 AM
News / Finance

US Stocks at One-Year High: CCE, VOD, ZAGG, UNH

Stocks at 52-week highs

Coca-Cola Enterprises Inc. (NYSE:CCE) added 3.65% to $23.88 on about 7.26 million shares after it created its fresh 52-week high of $24.02. The company said that its Board of Directors has approved the repurchase of approximately $1 billion of its shares within the next 18 months. This program is expected to begin during the fourth quarter of 2010.

Volumes are high today at 7.26 million shares- more than 4X its average daily volume.

Vodafone Group Plc (ADR) (NASDAQ:VOD) advanced 1.79% to $26.71 on unusual volumes after it made its fresh one-year high of $26.84. Vodafone Group was raised to buy from neutral by Nomura International, which cited the company's positive earnings momentum.

In the past one month of trading sessions, the stock went up more than 6%. Over the past 52-week, the stock traded within the range of $18.21-$26.84.

Zagg Inc (NASDAQ:ZAGG) skyrocketed 36.72% to $7 on about 7.88 million shares. The stock made its new 52-week high of $7.40. The company announced that it expects third quarter 2010 revenues to exceed $22 million, and now expects full year 2010 revenue growth of 70%. This compares to previously issued revenue guidance of 30% growth over 2009 results.

Volumes are massive as already 7.88 million shares are traded as compared to its average daily volume of 563K shares.

UnitedHealth Group Inc. (NYSE:UNH) gained 1.05% to $35.69 after it created its fresh 52-week high of $36.26. The stock opened at $35.26. At current market price, the market capitalization of the company stands at $40.13 billion.

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