Stocks Hitting 52-Week Highs (JBLU, MELI, ASPS, ARUN)

JetBlue Airways Corporation JBLU shares climbed to $6.93, creating a new 52-week high, before slipping slightly to $6.84. Analysts at BofA/Merrill upgraded JBLU from “neutral” to “buy.” MercadoLibre Inc MELI shares gained 1.94% to $58.92, creating a new 52-week high. MELI’s quarterly earnings growth is 78.50% y/y. Altisource Portfolio Solutions ASPS shares gained 3.84% to $28.36, creating a new 52-week high. ASPS’ quarterly earnings growth is 42.10% y/y. Aruba Networks Inc ARUN shares reached $14.92 to create a new 52 week high, before slipping marginally to $14.89, reflecting a 4.93% gain. ARUN announced that its wireless solutions are being deployed in the corporate offices, warehouses and retail stores of Zander Group, one of Germany’s leading wholesale suppliers of electrical, heating and sanitation products. Read more from Benzinga's Company news.