Stocks That Created New 52-Week Highs (ADTN, AMOV, AAPL, ARCC, ARMH)
ADTRAN Inc (NASDAQ: ADTN) shares climbed to $26.98, creating a new 52-week high, before slipping slightly to $26.78. ADTN had announced that its product OPTI-6100 has received a 2009 Smart Grid Product of the Year Award from Technology Marketing Corporation and Intelligent Communications Partners. Read more about this company here.
America Movil SAB de CV (NASDAQ: AMOV) shares gained 1.61% to $50.43, creating a new 52-week high. America Movil had planned to close its proposed acquisitions of Telmex Internacional SAB and Carso Global Telecom SAB in May. Read more about this company here.
Apple Inc (NASDAQ: AAPL) shares reached $232.43 to create a new 52 week high, before slipping marginally to $232.12, reflecting a 0.53% gain. Analysts at William Blair initiated coverage of AAPL with an “outperform” rating. Read more about this company here.
Ares Capital Corporation (NASDAQ: ARCC) shares rose 1.23% to create a new high of $14.86. ARCC had announced shareholder approval to issue the shares of Ares Capital common stock in connection with its merger with Allied Capital Corporation. Read more about this company here.
ARM Holdings plc (NASDAQ: ARMH) shares gained 1.32% to create a new high of $10.71. ARMH is likely to achieve 33.0% sales growth in the June quarter. Read more about this company here.
