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Ruddick Corp. (RDK) poised for record close

Posted Aug 3rd 2007 1:45PM by Kelly Wu (RSS feed)
Filed under: Major movement

Ruddick Corp. (NYSE: RDK)'s shares were trading 20% higher Friday and poised to close at a record high. Ruddick, the holding company for Harris Teeter supermarkets, announced Thursday that Harris Teeter sales pushed third-quarter profits 19% higher than the same quarter last year. Ruddick's stock closed at $28.30 Thursday, and sat $6.10 higher at $34.40 shortly before 1:30 p.m. Friday. Its 21.5% gain makes Ruddick currently the NYSE's biggest percent gainer.

Accounting for Harris Teeter's recent improved performance, Ruddick cited new store openings, cost controls, and pricing plans.

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Last updated: November 24, 2009: 05:37 AM

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