NASDAQ Stocks Hitting 52-Week Highs (OTEX, DEPO, SGI, CELL)

Open Text Corporation OTEX shares gained 12.97% to create a new 52-week high of $57.39. Analysts at RBC Capital upgraded OTEX from "sector perform" to "outperform.” OTEX announced its plans to buy Metastorm for $182 million. Depomed Inc DEPO shares gained 6.86% to create a new 52-week high of $9.97. The US Food and Drug Administration (FDA) approved DEPO's GRALISE tablets for treatment of post-herpetic neuralgia. Silicon Graphics International SGI shares reached $13.749 to create a new 52-week high, before falling to $13.50, representing a 23.85% gain. SGI swung to profit in the December quarter and raised its revenue projections for the year. Brightpoint Inc CELL shares gained 23.42% to create a new 52-week high of $11.75. CELL issued upbeat 2011 guidance. Read more from Benzinga's Markets.