AutoZone Pops To New 52-week High (AZO)

Shares of AutoZone, Inc. AZO are higher on the session by 1.24%, currently trading at $258.08. The stock is now trading at a fresh 52-week, as well as all-time, high. Interesting to note is that shares have not tested the 200-day moving average in over 13 months and have not tested the 50-day in over 7 months. It is simply remarkable how strong AutoZone has been. Short interest is at 5.45% of the float, roughly 2.2 million shares. That equates to 5.76 days to cover. AutoZone, Inc. is a retailer and a distributor of automotive replacement parts and accessories. As of August 28, 2010, the company operated 4,389 stores in the United States and Puerto Rico, and 238 in Mexico. Each of its stores carries a product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.