Market Overview

Stocks Hitting 52-Week Highs

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The Estée Lauder Companies Inc. (NYSE: EL) shares gained 1.97% to reach a new 52-week high of $85.00. Piper Jaffray upgraded Estee Lauder from Neutral to Overweight and raised the price target from $75.00 to $100.00.

Stamps.com Inc. (NASDAQ: STMP) shares climbed 16.83% to touch a new 52-week high of $68.11 after the company announced its plans to acquire Endicia from Newell Rubbermaid (NYSE: NWL) for $215 million in cash.

Kraft Foods Group, Inc. (NASDAQ: KRFT) shares climbed 32.30% to reach a new 52-week high of $81.13 following the announcement of merger with Heinz. H.J. Heinz Company and Kraft Foods Group agreed to merge to create a new entity called The Kraft Heinz Company.

Kofax Limited (NASDAQ: KFX) shares jumped 45.73% to touch a new 52-week high of $10.93 after the company agreed to be acquired by Lexmark International Inc. (NYSE: LXK) for $11 per share in cash.

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

 

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