Stocks Hitting 52-Week Highs

Ingles Markets IMKTA shares reached a new 52-week high of $29.82. Ingles Markets reported Q4 earnings of $0.79 per share on revenue of $964.80 million. Cubist Pharmaceuticals CBST shares touched a new 52-week high of $100.87 after Merck MRK announced its plans to acquire Cubist for $102 per share in cash. Celgene CELG shares jumped 3.24% to touch a new 52-week high of $117.83 after the company and Acceleron Pharma XLRN announced new data from Luspatercept Phase 2 clinical trial in beta-thalassemia. Visa V shares rose 0.53% to reach a new 52-week high of $264.75. Visa shares have jumped 30.64% over the past 52 weeks, while the S&P 500 index has gained 14.76% in the same period.