AOL and Expedia Among These Stocks Hitting 52-Week Highs
Aol Inc. (NYSE:AOL): Global is now moving local, as AOL’s Patch.com, a network of small town news sites, takes center stage in the latest battle over the Internet company’s future. The Wall Street Journal reported earlier this week that the sites’ high maintenance costs have investor Starboard Value LP starting a campaign against AOL CEO Tim Armstrong’s strategy of investing heavily in online content. Shares closed at $27.70 on the day, up 1.84%. They have traded in a 52-week range of $10.06 to $27.47.
Acquity Group Limited (AMEX:AQ) has seen much movement in the last month since its IPO, and minus costs associated with going public and amortization of purchased intangible assets, the company saw a second-quarter IFRS operating profit margin of 16%-18%. Shares were up 1.45% on the day and closed at $6.31. They have traded in a 52-week range of $5.54 to $6.25.
Expedia (NASDAQ:EXPE) has really been exploring the skies, and the online travel company has been steadily climbing after Piper Jaffray reported an explosive growth last month in the company’s European website hits. Citing data from comScore, Piper said the number of unique visitors to 13 of Expedia’s European domains exploded to 32% year-over-year in April compared with 7% in March and believes the company’s key metrics are improving faster than investors’ expectations. Upon the news, the firm has increased its price target on the stock from $44 to $53, and the firm maintains an Overweight rating on the shares, which closed at $45.61, up 6.79% on the day. They have traded in a 52-week range of $27.28 to $65.78.
Toll Brothers Inc. (NYSE:TOL) saw a 47% second-quarter increase in net signed contracts to 1,290 at an average of $585,000 apiece. Shares closed at $27.75, up 2.66% on the day and have traded in a 52-week range of $13.16 to $25.80.
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