Intel, Coach and Wal-Mart Climb to 52-Week Highs in Trading Action

Coach (NYSE:COH): Says “Internationally, our directly-operated businesses are also growing nicely, as China continues to post excellent gains and remains on track to generate at least $300M in sales this year.” Says on track to acquire Malaysian retail business in July. The shares closed at $67.97, up $3.73 or 5.81% on the day. They have traded in a 52-week range of $45.70 to $69.20.

Intel Corp. (NASDAQ:INTC): Intel (NASDAQ:INTC) has developed a new wireless network design concept that the company believes will enable simpler networks, according to GIGAom. China Mobile (NYSE:CHL) is seeking Intel’s help to develop an LTE network that will be largely reliant on the cloud, the publication said.  The shares closed at $26.90, up $0.19 or 0.71% on the day. They have traded in a 52-week range of $19.16 to $26.89.

Wal-Mart Stores (NYSE:WMT): Asda, the British supermarket arm of Wal-Mart (NYSE:WMT), is planning to create about 5,000 jobs this year as part of an expansion drive, the Telegraph reports. The company will open 25 new stores and three depots, and extend and refurbish 43 existing stores. The shares closed at $61.39, up $0.48 or 0.79% on the day. They have traded in a 52-week range of $48.31 to $61.25.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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