Market Overview

Stocks Hitting 52-Week Highs

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Kraft Foods Group (NASDAQ: KRFT) shares reached a new 52-week high of $60.33. Kraft Foods lifted the retail prices for its Maxwell House and Yuban coffee brands, effective June 6.

Hittite Microwave (NASDAQ: HITT) jumped 28.40% to reach a new 52-week high of $77.76 after Analog Devices (NASDAQ: ADI) announced its plans to buy Hittite Microwave for $78 per share in cash.

Idenix Pharmaceuticals (NASDAQ: IDIX) shares jumped 233.89% to touch a new 52-week high of $24.14 after Merck (NYSE: MRK) announced its plans to acquire Idenix for $24.50 per share in cash.

Analog Devices (NASDAQ: ADI) shares rose 5.88% to touch a new 52-week high of $55.79 after the company announced its plans to buy Hittite Microwave for $78 per share in cash.

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

 

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