Market Overview

Stocks Hitting 52-Week Highs

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Green Mountain Coffee Roasters (NASDAQ: GMCR) shares touched a new 52-week high of $109.10 after Coca-Cola Company (NYSE: KO) announced its plans to acquire a 10% stake in Green Mountain for $1.25 billion. Analysts at Stifel Nicolaus upgraded Green Mountain from Sell to Hold.

Glu Mobile (NASDAQ: GLUU) shares jumped 23.77% to reach a new 52-week high of $4.79 after the company reported Q4 results. Piper Jaffray upgraded the stock from Neutral to Outperform and lifted the price target from $4 to $6.

Akamai Technologies (NASDAQ: AKAM) shares jumped 20.33% to touch a new 52-week high of $57.06 on stronger-than-expected Q4 results.

Advance Auto Parts (NYSE: AAP) shares gained 11.99% to reach a new 52-week high of $124.03 after the company reported upbeat Q4 results and issued a strong FY14 earnings outlook.

Posted-In: 52-Week HighsNews Intraday Update Markets Movers

 

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