Stocks Hitting 52-Week Highs

Pieris Pharmaceuticals Inc PIRS shares climbed 10.85 percent to reach a new 52-week high of $3.27. Oppenheimer initiated coverage on Pieris Pharmaceuticals with a Outperform rating and a $8.00 price target. Opus Bank OPB shares touched a new 52-week high of $39.43. Open Bank reported Q2 earnings of $0.52 per share. Allergan PLC AGN shares reached a new 52-week high of $327.36 after Teva Pharmaceutical Industries Ltd (ADR) TEVA announced its plans to buy Allergan's generic drugs unit for $40.5 billion in a cash and stock deal. Chemed Corporation CHE shares gained 1.62 percent to touch a new 52-week high of $143.91. Chemed shares have jumped 38.41 percent over the past 52 weeks, while the S&P 500 index has gained 5.09 percent in the same period.