Market Overview

Stocks Hitting 52-Week Highs (AIPC, CRUS, HMIN, IPXL)

American Italian Pasta Company (NASDAQ: AIPC) soared 25.99% to $52.658, creating a new 52-week high. The boards of Ralcorp Holdings Inc (NYSE: RAH) and AIPC have collectively agreed on a definitive merger in a deal valued at $1.2 billion.

Cirrus Logic Inc (NASDAQ: CRUS) shares moved up 1.91% to $18.16 to create a new 52-week high. On Friday’s “Mad Money Lightning Round,” Jim Cramer had expressed his preference for CRUS over Cree (NASDAQ: CREE).

Home Inns & Hotels Management Inc (NASDAQ: HMIN) shares reached $42.37 to create a new 52-week high, before slipping to $42.22, reflecting 2.98% gain. HMIN’s quarterly earnings growth jumped 10,088.50% y/y.

Impax Laboratories Inc (NASDAQ: IPXL) shares reached $22.23 to create a new 52-week high, before slipping to $22.16. Analysts at Wells Fargo Securities downgraded IPXL from “outperform” to “market perform.”

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Posted-In: 52-Week HighsLong Ideas News Markets Trading Ideas

 

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