Market Overview

Stocks Hitting 52-Week Highs

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OpenTable (NASDAQ: OPEN) shares surged 47.28% to reach a new 52-week high of $103.73 after Priceline (NASDAQ: PCLN) announced its plans to buy OpenTable for $103 per share.

Intel (NASDAQ: INTC) reached a new 52-week high of $29.78 after the company lifted its revenue guidance. The company expected Q2 revenue of $13.4 billion to $14 billion, versus its earlier forecast of $12.5 billion to $13.5 billion. Analysts at Roth Capital upgraded Intel from Neutral to Buy.

Occidental Petroleum (NYSE: OXY) shares gained 0.80% to touch a new 52-week high of $102.06. Jefferies initiated coverage on Occidental Petroleum with a Buy rating and a $114.00 price target.

China Digital TV Holding Co (NYSE: STV) shares touched a new 52-week high of $4.135 after the company announced its plans to buy stake in Tongda.

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

 

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