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Shares of auto dealer CarMax Inc. (KMX) rose to a new 52-week high today after the company beat analyst estimates for its fourth quarter.
As we noted in our earnings preview last night, Wall Street had forecast CarMax to report $0.25 for the quarter. The stock is soaring today after it beat estimates with a reported $0.26 per share, up from $0.17 during the same period last year.
Continue reading CarMax Drives to New Highs Following Upbeat Earnings
We had a lot of big names trading up to new 52 week highs again today. The overall markets were pretty flat, with the DOW closing the day down 0.14%, the NASDAQ closing the day's trading up 0.04%, and the S&P ending the day a bit lower to finish today's trading down 0.28%.Continue reading Some big names setting new highs today: STAR, GG, PIR, EBAY
VISICU, Inc. (NASDAQ: EICU): Philips Electronics is buying the company. The stock moved up to $11.76 from a 52-week low of $6.57.
Canadian Solar, Inc. (NASDAQ: CSIQ): Thanks to a big rally in renewable energy stocks, shares are up to $27.15 from a 52-week low of $6.50.
EMCORE Corporation (NASDAQ: EMKR): This company is buying a piece of Intel Coporation (NASDAQ: INTC)'s telecom assets. It traded up to $14.11 from 52-week low of $3.84.
Hess Corp. (NYSE: HES): The market is still bullish on oil prices and Hess moved to $90.57 from 52-week low of $45.96.
Douglas A. McIntyre is an editor at 247wallst.com.
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