Stocks Hitting 52-Week Highs

Kraft Foods Group KRFT shares reached a new 52-week high of $60.33. Kraft Foods lifted the retail prices for its Maxwell House and Yuban coffee brands, effective June 6. Hittite Microwave HITT jumped 28.40% to reach a new 52-week high of $77.76 after Analog Devices ADI announced its plans to buy Hittite Microwave for $78 per share in cash. Idenix Pharmaceuticals IDIX shares jumped 233.89% to touch a new 52-week high of $24.14 after Merck MRK announced its plans to acquire Idenix for $24.50 per share in cash. Analog Devices ADI shares rose 5.88% to touch a new 52-week high of $55.79 after the company announced its plans to buy Hittite Microwave for $78 per share in cash.