Ariba and DSW Among Stocks Achieving 52-Week Highs

Ariba’s (NASDAQ:ARBA) board of directors unanimously approved SAP’s (NYSE:SAP) per share purchase price represents a 20% premium over the May 21 closing price. The shares closed at $44.87, up $7.23 or 19.21% on the day. They have traded in a 52-week range of $21.90 to $40.45.

Cracker Barrel (NASDAQ:CBRL) raised FY12 revenue view $2.55B-$2.6B versus consensus of $2.56B. On a GAAP basis, the Company expects to report earnings per diluted share for the fiscal year of between $4.14-$4.24. The shares closed at $57.38, down $0.75 or 1.29% on the day. They have traded in a 52-week range of $37.31 to $59.90.

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Dsw Inc’s (NYSE:DSW) comparable sales are projected to increase between 3% to 5% versus previous guidance for an increase in the 2% to 4% range. The shares closed at $61.23, up $5.43 or 9.73% on the day. They have traded in a 52-week range of $37.29 to $58.65.

Firstenergy Corp. (NYSE:FE) subsidiary Pennsylvania Electric Company, or Penelec, will consolidate its service operations to increase efficiency and enhance response times in the utility’s Altoona, Ebensburg, Bedford and Huntingdon areas. The shares closed at $47.70, up $0.01 or 0.02% on the day. They have traded in a 52-week range of $38.77 to $48.00.

Medivation (NASDAQ:MDVN) and Astellas Pharma announced that Medivation has submitted a New Drug Application, or NDA, to the U.S. FDA for enzalutamide, formerly MDV3100. If a Priority Review is granted, the FDA goal for completing a review is six months. The shares closed at $86.54, down $0.35 or 0.4% on the day. They have traded in a 52-week range of $14.32 to $81.85.

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