Stockpickr Lists: Canadian Pacific Soars After Buyout Offer

Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have made new highs, lows or seen other unusual activity.

52-Week Highs: Shares of Canadian Pacific(CP) jumped 15% to a 52-week high Wednesday, after the railway company revealed it had received a "highly conditional inquiry" from Brookfield Asset Management earlier this year. Canadian Pacific considered the inquiry "inadequate" and decided not to enter into discussions. Shares soared $11.01 to $85.

Biggest % Gainers: Inspire Pharmaceuticals(ISPH) surged 21% after private-equity investor Warburg Pincus agreed to buy $75 million of exchangeable preferred stock for $5.35 a piece in a deal that should close this week. Health care stocks had a bad day, but Inspire shares were up $1.05 to $6.14.

Rising on Unusual Volume: DST Systems(DST) was up 2.3% amid volume more than four times its three-month daily average, after the company announced positive second-quarter earnings and appointed a new independent director. Consolidated net income for DST Systems was $72.8 million, or $1.01 per diluted share, for the second quarter, compared to $55.5 million, or 76 cents per diluted share, in the comparable 2006 period. Shares were up $1.94 to $84.43.

52-Week Lows: Marshall & Ilsley(MI) posted second-quarter earnings shy of Wall Street's expectations, dropping the company's stock 2.3% to a 52-week low. The company reported second-quarter net income of $220.3 million, or 83 cents per share, compared with profit of $190.5 million, or 74 cents per share, in the second quarter of 2006. Thomson Financial predicted earnings of 83 cents a share. The stock dropped $1.10, closing at $45.66.

Biggest % Losers: SatCon Tech(SATC) sunk 18% after the electronics manufacturer said that it received $4.7 million from the exercise of warrants whose price were reduced to $1.31 a share from $1.68 a share. Note holders, who received warrants as part of a $12 million secured convertible note financing, exercised all of their warrants at the new price. The company plans to use the proceeds for general corporate purposes. Shares were down 28 cents to $1.27.

Latest Activist Situations: As was widely reported, William Ackman's Pershing Square Capital disclosed a 9.6% stake in Target(TGT) in a filing with the Securities and Exchange Commission. The stock traded down 1%, or 50 cents, to $68.02.

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