Stocks Hitting 52-Week Highs

Biogen Idec Inc. BIIB shares gained 11.20% to reach a new 52-week high of $392.82 after the company reported upbeat fourth-quarter profit and issued a strong earnings forecast for 2015. Abaxis, Inc. ABAX shares touched a new 52-week high of $63.695 after the company reported better-than-expected Q3 results. Apple Inc. AAPL shares reached a new 52-week high of $119.905. On Tuesday, Apple reported upbeat quarterly results. Ingersoll-Rand Plc IR shares climbed 2.20% to reach a new 52-week high of $66.04 after the company reported stronger-than-expected quarterly results.