Stocks Hitting 52-Week Highs

Office Depot ODP shares reached a new 52-week high of $7.37 after Starboard Value boosted its stake in Office Depot to around 10% from a previous 8.6% stake, The Wall Street Journal reported. Covenant Transportation Group CVTI shares touched a new 52-week high of $28.79 after the company issued a strong Q4 earnings forecast. Restoration Hardware Holdings RH shares gained 11.63% to touch a new 52-week high of $96.20 following earnings results that beat analyst expectations. Bemis Company BMS shares rose 1.52% to reach a new 52-week high of $43.46. Bemis shares have jumped 10.48% over the past 52 weeks, while the S&P 500 index has gained 14.12% in the same period.