Jamba up 8.5%; Hits New 52-Week Highs
Jamba (NASDAQ: JMBA) is trading higher on the session after the stock broke into new 52-week highs yesterday. There seems to be no specific news causing this rally, but the stock has performed incredibly well this week and is up approximately 14% since Friday's close.
Jamba Juice Company is a restaurant retailer of better-for-you beverage and food offerings, which include fruit smoothies and juices. Hence, summer tends to be a good season for the shares of Jamba and the stock was trading close to these levels in July 2011.
Jamba is currently trading at $2.42, a gain of $0.19 or 8.52%, which is the highest level since May 2011.
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