Shares of Alphabet Inc. (GOOGL) surged 2.10% to hit a new 52-week high of $798.69 on Tuesday on normal average volume. The move is likely related to an increase in the price target to $1,000 from $900 by the advisory firm, Axiom Capital. In addition, Axiom Capital analyst Victor Anthony reiterated a ‘Buy’ rating on the search giant’s stock.
Stock reaction: GOOGL shares have performed well over the last year, rising 44.45%. The company’s stock is up nearly 63% from the 52-week-low of $490.91 it reached on January 12, 2015.
McDonald’s Corp. (MCD) climbed more than 1% to a 52-week high of $120 on Tuesday. The move comes on a weak volume with the issue currently trading more than 1.75 million shares, compared to the average volume of 5.78 million shares.
Shares of MCD rose 0.99% to $119.93 in afternoon trading. The 52-week range for the stock is now $87.50 to $120.00.
Shares of the 110.12 billion market cap company have risen 29.61% year-over-year and 31.10% year-to-date.
The chart below shows where MCD has traded over the past 12 months.
j2 Global, Inc. (JCOM) shares hit one-year high of $84.15 in today’s trading session. The stock has risen 32.49% this year and is continuing its upward trend.
More than 223K shares have changed hands. At current price next resistance is at $85.80. Support is at $81.11.