Stocks Hitting 52-Week Highs

Steel Dynamics STLD shares reached a new 52-week high of $19.80 after the company announced its plans to acquire Severstal Columbus LLC from OAO Severstal. Glu Mobile GLUU shares reached a new 52-week high of $7.36 on Cowen price target increase from $6.00 to $10.00. Baidu BIDU shares gained 2.49% to touch a new 52-week high of $195.93. Morgan Stanley upgraded Baidu from Equal-weight to Overweight. SUPERVALU SVU shares jumped 2.28% to touch a new 52-week high of $8.98. SUPERVALU have surged 15.22% over the past 52 weeks, while the S&P 500 index has gained 16.67% in the same period.