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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.

Ruddick Corp. (RDK) poised for record close originally appeared on BloggingStocks on Fri, 03 Aug 2007 13:45:00 EST. Please see our terms for use of feeds.

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