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Stocks Hitting 52-Week Highs

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General Electric Company (NYSE: GE) shares rose 1.33 percent to touch a new 52-week high of $31.90. General Electric Company announced after Tuesday's market close it has agreed to sell its U.S. hotel franchise loan portfolio to Western Alliance Bancorporation (NYSE: WAL) as part of an ongoing strategy to divest most of its GE Capital assets.

Chunghwa Telecom Co., Ltd (ADR) (NYSE: CHT) shares reached a new 52-week high of $34.30. Chunghwa Telecom shares have gained 6.14 percent over the past 52 weeks, while the S&P 500 index has dropped 0.62 percent in the same period.

Sonic Corporation (NASDAQ: SONC) shares touched a new 52-week high of $34.246 after the company reported better-than-expected results for its second quarter and raised its FY16 forecast.

Equinix Inc (NASDAQ: EQIX) shares reached a new 52-week high of $330.415. Equinix shares have surged 40.99 percent over the past 52 weeks, while the S&P 500 index has dropped 0.62 percent in the same period.

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

 

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