Stocks Hitting 52-Week Highs

Vimicro International VIMC shares reached a new 52-week high of $11.70 after the company announced a $12.4 million contract win in Taiyuan City of Shanxi Province. The company's joint venture, Shanxi Zhongtianxin Science and Technology Co, secured a $65 million revolving line of credit. Move MOVE shares jumped 36.82% to touch a new 52-week high of $20.92 after the company agreed to be acquired by News Corp NWSA for $21 per share, or $950 million. Cintas CTAS shares jumped 5.96% to touch a new 52-week high of $69.88 after the company reported upbeat fiscal first-quarter earnings and issued a strong fiscal 2015 earnings outlook. The company also reported it is evaluating strategic options for Document Storage and Imaging unit. Teekay TK shares rose 13.26% to reach a new 52-week high of $66.10 after the company adopted a new dividend policy and announced its plans to increase dividend by 75%-80%.