Holiday Sales Drive Zale Shares Up 35.7% (ZLC)

Shares of Zale Corporation ZLC are trading up 35.7% at $5.47 per share during the Wednesday afternoon trading session. The company announced on Tuesday after the market closed that comparable store sales increased 8.5% for the combined months of November and December 2010, encompassing the entire holiday season. The day's range for shares of Zale Corporation has been between $4.50 and a 52-week high of $5.65 per share. The average price target of analysts who cover Zale Corporation (ZLC) is $2.50 per share. Volume of 7.4 shares is far above the daily average volume of 933,000 shares. Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Read more from Benzinga's Company news.