Stocks Hitting 52-Week Highs

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Oplink Communications
OPLK
shares reached a new 52-week high of $24.20 after the company agreed to be acquired by Koch Industries for $24.25 per share in cash. PetSmart
PETM
shares rose 3.98% to touch a new 52-week high of $76.55 after the company reported upbeat Q3 earnings. Private equity firms KKR and Clayton, Dubilier & Rice reportedly will bid to take PetSmart private for more than $7.5 billion, according to sources reported by Reuters on Tuesday. Bank of America upgraded PetSmart from Underperform to Neutral and raised the price target from $55.00 to $80.00. Jack in the Box
JACK
shares rose 4.88% to touch a new 52-week high of $74.99 after the company reported upbeat fiscal fourth quarter earnings. Target
TGT
shares gained 5.35% to reach a new 52-week high of $71.12 after the company reported stronger-than-expected third-quarter earnings.
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Posted In: NewsIntraday UpdateMarketsMovers52 Week Highs52-Week Highs
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