Disney Keeps BLASTING with 3 Stocks Hitting 52-Week Highs
Biogen Idec Inc (NASDAQ:BIIB) along with Isis Pharmaceuticals (NASDAQ:ISIS) announced an exclusive, worldwide option and collaboration agreement where the companies will develop and commercialize a new antisense drug to treat myotonic dystrophy type 1, DM1, commonly known as Steinert disease. The shares closed at $144.38, up $4.27 or 3.05% on the day. They have traded in a 52-week range of $83.83 to $143.74.
Anheuser-Busch Inbev (NYSE:BUD): Constellation Brands (NYSE:STZ), a current owner of 50% of Crown Imports (a 50-50 joint venture with Grupo Modelo, has announced a definitive agreement with Anheuser-Busch InBev (NYSE:BUD) under which it will purchase the 50% interest remaining in Crown as AB InBev finishes the proposed Modelo acquisition. The purchase price totals $1.85B representing 50% of a multiple of nearly 8.5 times Crown’s EBIT. The shares closed at $79.65, up $5.86 or 7.94% on the day. They have traded in a 52-week range of $49.05 to $75.08.
Comcast Corp. (NASDAQ:CMCSA): On its blog, Hulu stated, “We have entered into a multi-year agreement with HBO to bring Japanese entertainment fans some of the most compelling American TV programming ever produced. Select HBO shows, including ‘Sex And The City’ and ‘The Sopranos’, will be available to Hulu subscribers in Japan starting today, with additional HBO hit shows such as Entourage and ‘Band of Brothers’ coming later this year.” The shares closed at $31.97, up $0.93 or 3% on the day. They have traded in a 52-week range of $19.19 to $31.65.
Walt Disney Company (NYSE:DIS): The shares closed at $48.50, a $0.68 or 1.42% increase on the day. They have traded in a 52-week range of $28.19 to $48.08.
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