Jamba up 8.5%; Hits New 52-Week Highs

Jamba

is trading higher on the session after the stock broke into new 52-week highs. There seems to be no specific news causing this rally, but the stock has performed incredibly well this week being up approximately 14%. Jamba Juice Company is a restaurant retailer of better-for-you beverage and food offerings, which include fruit smoothies and juices. Hence, summer tends to be a good season for the shares of Jamba. Jamba is currently trading at $2.42, a gain of $0.19 or 8.52%. This is the highest level since May 2011.