Market Overview

Stocks Hitting 52-Week Highs

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Warren Resources (NASDAQ: WRES) shares reached a new 52-week high of $6.55 after the company announced the acquisition of the Marcellus assets of Citrus Energy for $352.5 million.

Silicon Motion Technology (NASDAQ: SIMO) reached a new 52-week high of $22.30 after the company raised its Q2 revenue forecast. The company is expected to release its full Q2 results on July 28, 2014.

BioDelivery Sciences International (NASDAQ: BDSI) shares rose 14.45% to touch a new 52-week high of $13.72 on positive top-line Phase III results.

Applied Materials (NASDAQ: AMAT) shares touched a new 52-week high of $23.28 after JP Morgan upgraded the stock from Neutral to Overweight and lifted the target price from $19 to $30.

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

 

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