PennyMac Trades Cancelled and 4 Stocks Enjoying 52-Week Highs

Novartis  (NYSE:NVS): Closing price $64.61

Chief executive Joe Jimenez of Novartis has told Bloomberg that his firm will limit deals this year to $4 billion, saying that “I don’t think we need a big acquisition in the short term. You may see us do more bolt-ons, that would range between $2 billion and $4 billion, not more than that.” Shares closed up 0.26 percent on the day at $64.61, having been traded in a 52-week range of $51.20 to $64.45.

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