Stocks Hitting 52-Week Highs

Avenue Financial Holdings Inc AVNU shares reached a new 52-week high of $20.16 as the company agreed to be acquired by Pinnacle Financial Partners PNFP. McDonald's Corporation MCD shares gained 0.92 percent to reach a new 52-week high of $123.51. McDonald's shares have surged 32.39 percent over the past 52 weeks, while the S&P 500 index has dropped 5.62 percent in the same period. Facebook Inc FB shares touched a new 52-week high of $110.81. Argus maintained Buy rating on Facebook and raised FY 2016 EPS from $2.60 to $2.99. Coherent, Inc. COHR shares gained 26.38 percent to touch a new 52-week high of $79.04 after the company reported stronger-than-expected earnings for its first quarter.