Market Overview

Stocks Hitting 52-Week Highs

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Santarus (NASDAQ: SNTS) shares surged 37.64% to touch a new 52-week high of $31.96 after Salix Pharmaceuticals (NASDAQ: SLXP) announced its plans to buy Santarus for around $2.12 billion. Santarus and Pharming also announced new data from open-label repeat treatment study with RUCONEST.

Kona Grill (NASDAQ: KONA) shares rose 2.76% to reach a new 52-week high of $14.95. Kona Grill shares have jumped 66.10% over the past 52 weeks, while the S&P 500 index has gained 26.62% in the same period.

Salix Pharmaceuticals (NASDAQ: SLXP) shares jumped 15.26% to touch a new 52-week high of $82.19 after the company announced its plans to buy Santarus for around $2.12 billion. Janney Capital upgraded Salix from Neutral to Buy and lifted the price target from $60.00 to $95.00.

KeyCorp (NYSE: KEY) shares gained 3.61% to create a new 52-week high of $12.91. KeyCorp's trailing-twelve-month revenue is $4.04 billion.

Posted-In: 52-Week HighsNews Intraday Update Markets Movers

 

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