Computer Task Group Extends Repurchase Plan and 4 Stocks Hitting 52-Week Highs

Agree Realty Corporation (NYSE:ADC) has purchased 317 South State Street for the purpose of redevelopment, at a price of $5.8 million. The building contains 18,000 square feet and is located directly across from the Diag on the central campus of the University of Michigan. Shares closed down 0.37 percent on the day at $26.89, having been traded in a 52-week range of $20.61 to $27.07.

Trimble Navigation (NASDAQ:TRMB) has acquired privately-held ALK Technologies, of Princeton, New Jersey, in a transaction for which the financial terms were not divulged. Shares closed down 0.44 percent on the day at $61.25, and have been traded in a 52-week range of $39.81 to $61.52.

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Computer Task Group (NASDAQ:CTGX) has extended a stock buyback plan under Rule 10b5-1 of the Securities and Exchange Commission, through which to facilitate the repurchase of its common stock. The firm had around 535,000 shares available for repurchase as of December 31st under its outstanding repurchase authorizations. Shares closed down 0.37 percent on the day at $19.05, having been traded in a 52-week range of $11.79 to $19.15.

TASER International (NASDAQ:TASR) has received a number of large TASER Conducted Electrical Weapon orders for more than 2,600 TASER X2 and in excess of 1,000 TASER X26 in the last two weeks of 2012. Chief Executive and founder Rick Smith said that “Some of our largest orders this quarter, including the Phoenix Police Department, were made possible through our new TASER Protection Plan, or TPP, which enables agencies to spread payments out over a five-year period. The TPP enables agencies to smooth their budget expenditures over time rather than having to return for special one time capital equipment funding every five to seven years to replace or upgrade their technology. TPP has enabled numerous customers with aging fleets of CEWs to upgrade this critical officer safety equipment.” Shares closed up 3.13 percent on the day at $9.22, and have been traded in a 52-week range of $3.96 to $9.26.

Quiksilver (NYSE:ZQK) said that its board of directors has named Andy Mooney as President and Chief Executive, replacing the firm’s co-founder Bob McKnight, who has been appointed executive chairman. Mooney will also join the board. All of these changes are effective January 11th. Most recently, Mooney  served as chairman of Disney Consumer Products (NYSE:DIS). Shares closed up 3.42 percent on the day at $4.53, having been traded in a 52-week range of $2.09 to $4.89.

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