Market Overview

Stocks Hitting 52-Week Highs

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Mattress Firm Holding (NASDAQ: MFRM) shares reached a new 52-week high of $55.83 after the company raised its FY14 forecast and issued a strong Q2 outlook.

Kinder Morgan (NYSE: KMI) shares touched a new 52-week high of $39.27 after the company announced its plans to combine four publicly-traded companies in a deal valued at $70 billion. Kinder Morgan will also raise dividend by 16% to $2.00 per share in 2015.

JetBlue Airways (NASDAQ: JBLU) shares touched a new 52-week high of $11.71. JetBlue's PEG ratio is 0.70.

Kinder Morgan Management LLC (NYSE: KMR) shares gained 22.98% to reach a new 52-week high of $94.72. Kinder Morgan, Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management and El Paso Pipeline Partners, L.P. (NYSE: EPB) announced that KMI will acquire all of the outstanding equity securities of the three publicly-traded units.

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

 

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