Starbucks and McGraw-Hill Among Stocks Reaching 52-Week Highs April 3rd
Starbucks Corp. (NASDAQ:SBUX): Both the HSBC Chinese Purchasing Managers’ Index, or PMI, and the Chinese government’s PMI indicate that the Chinese economy isn’t heading for a hard landing, according to a Reuters news analysis piece. The significant divergence between the two indexes suggest that larger Chinese businesses are recovering much more quickly than smaller companies, the news service states. The shares closed at $56.91, up $0.24 or 0.42% on the day. They have traded in a 52-week range of $33.72 to $56.89.
Interval Leisure Gro (NASDAQ:IILG): Interval International, a provider of vacation services and an operating business of Interval Leisure, and Central Florida Investments/Westgate Resorts, a developer in the vacation ownership industry, announced the extension of their master affiliation agreement. The multi-year contract continues the relationship established in 1991 and comprises 25 properties throughout the United States, as well as future development. The shares closed at $17.53, down $0.21 or 1.18% on the day. They have traded in a 52-week range of $10.19 to $17.76.
Mcgraw-Hill Companies (NYSE:MHP): S&P Capital IQ, a business line of The McGraw-Hill Companies, has acquired QuantHouse, an independent global provider of market data and end-to-end systematic trading solutions. Following the acquisition, QuantHouse’s 90 employees, based in Paris, London and New York, will become part of the Enterprise Solutions unit. In the short term, its products and services will continue to be sold as standalone feeds and applications, although all S&P Capital IQ and S&P Indices content will gradually be consolidated into QuantHouse feeds. Terms of the deal were not disclosed. The shares closed at $48.82, up $0.14 or 0.29% on the day. They have traded in a 52-week range of $34.95 to $48.73.
Primerica (NYSE:PRI): Primerica (NYSE:PRI) has closed a redundant reserve financing transaction. Peach Re, Inc., a special purpose financial captive insurance company and indirect wholly owned subsidiary of the company, entered into an approximately 14-year letter of credit facility with Deutsche Bank AG New York Branch (NYSE:DB) for a maximum amount of $510M to support certain obligations of Peach Re for a portion of reserves related to level premium term life insurance policies reinsured by Peach Re from Primerica Life under a new coinsurance agreement. In connection with the transaction, Primerica Life obtained regulatory approval for the payment of an extraordinary dividend of $150M to Primerica, Inc. The company expects to redeploy this capital through share repurchases. Primerica Life cannot currently declare additional extraordinary dividends without prior regulatory approval. The shares closed at $26.04, up $0.34 or 1.32% on the day. They have traded in a 52-week range of $18.72 to $26.15.
Quidel Corp. (NASDAQ:QDEL): Quidel announced that it received CE mark for the Quidel Molecular Direct C. difficile Tox A/B assay for the detection of toxigenic Clostridium difficile bacterial DNA. C. difficile infection is frequently associated with antibiotic therapy and often causes diarrhea and inflammation of the colon. This Quidel Molecular Direct C. difficile Tox A/B assay is part of Quidel’s expanding line of molecular diagnostics products. The shares closed at $18.88, down $0.02 or 0.11% on the day. They have traded in a 52-week range of $11.60 to $19.09.
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