Stocks Hitting 52-Week Highs

General Electric Company GE shares rose 1.33 percent to touch a new 52-week high of $31.90. General Electric Company announced after Tuesday's market close it has agreed to sell its U.S. hotel franchise loan portfolio to Western Alliance Bancorporation WAL as part of an ongoing strategy to divest most of its GE Capital assets. Chunghwa Telecom Co., Ltd (ADR) CHT shares reached a new 52-week high of $34.30. Chunghwa Telecom shares have gained 6.14 percent over the past 52 weeks, while the S&P 500 index has dropped 0.62 percent in the same period. Sonic Corporation SONC shares touched a new 52-week high of $34.246 after the company reported better-than-expected results for its second quarter and raised its FY16 forecast. Equinix Inc EQIX shares reached a new 52-week high of $330.415. Equinix shares have surged 40.99 percent over the past 52 weeks, while the S&P 500 index has dropped 0.62 percent in the same period.