NASDAQ Stocks Hitting 52-Week Highs (RVBD, SVNT, HOOK, ACGL)

Riverbed Technology Inc RVBD shares jumped 3.47% to create a new 52-week high of $44.78. RVBD's quarterly revenue surged 38.70% y/y. Savient Pharmaceuticals Inc SVNT shares gained 27.24% to touch a new 52-week high of $18.78. The Food and Drug Administration (FDA) has approved SVNT's gout drug for adults who were not getting any results from the conventional therapy. Craft Brewers Alliance Inc HOOK shares reached $9.48 to create a new 52-week high, before falling to $9.42, representing a 2.28% gain. HOOK's earnings are likely to rise by 101.98% this year. Arch Capital Group Ltd ACGL shares gained 0.71% to create a new 52-week high of $81.84. ACGL's quarterly earnings advanced 53.50% y/y. Read more from Benzinga's Company news.