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While the NASDAQ is trading only marginally high with 0.19 percent gain, it does not mean that there is any action lacking on individual stock level. Riding the bullish wave of a particular stock can be a profitable strategy, provided you research the stocks properly for their fundamental robustness. Following are the top stocks that touched their 52 weeks high price in the current trading session:
WSB Holdings Inc. (NASDAQ:WSB): The stock is trading at $5.34, up 82.88 percent from its previous close of $2.92. The stock has shot up on the news of the merger between WSB Holdings and Old Line Bancshares. Both the companies have executed the merger agreement, according to which WSB Holdings would be acquired by Old Line Bancshares. The deal is expected to be worth about $49 million. The company stock’s lowest price point during the past 52 weeks stood at $2.08. WSB Holdings commands the market capitalization of $43.08 million and its stock has beta of 0.88.The merger will create a financial institution worth $1.2 billion.
Thomas Properties Group Inc. (NASDAQ:TPGI): The company stock is seeing some heavy insider buying. Last week saw the company CEO James A. Thomas purchasing 87,500 shares. The transaction was made at $5.45 per share. The faith reposed by the head honcho seems to be paying off as the company stock touched its 52 week high of $6.15 in today’s trading session. Currently, at $5.96, the stock is trading slightly below its top price level. The company stock has traded in the range of $1.88 and $6.15 in the past 52 weeks. Thomas Properties Group recently augmented its Board of Directors by adding Bradley H. Carroll as its new independent director. The company stock has beta of 1.90 and its PE ratio is 51.49.
Bon Ton Stores Inc. (NASDAQ:BONT): The stock was recently upgraded to Buy rating by KeyBanc Capital Markets and it has responded well to the recommendation by making positive moves in the past couple of sessions. The stock touched the high the 52 week high of $14.39 today and is currently trading at $13.65, 4.20 percent up from its previous close of $13.10. Bon Ton Stores stock had been doing good since last week when its CEO outlined the company’s future course of action. The company is planning to cut costs for protecting its margins. It is also planning to tap younger demography, without losing focus on older buyers, by stocking broad assortment of goods. The stock has beta of 3.02 and the company’s market cap stands at $274.22 million.
Santarus Inc. (NASDAQ:SNTS): Piper Jaffray gave overweight rating to the stock and also raised the price target to $10. The stock’s earlier rating was Neutral and the price target was more modest $7. Santarus stock is currently trading at $7.76, up 1.37 percent from its previous close of $7.66. It has traded in the range of $7.57 and $7.89 during the current session. The company recently won an appeal which will let it pursue course of action against Par Pharmaceutical Cos. Santarus is trying to prevent Par from selling the generic version of Zegerid. The company commands market capitalization of $489.14 million and its stock has beta of 1.72. Santarus stock has oscillated in the range of $2.56 and $7.89 during the past 52 weeks. The company reported its latest earnings per share at $0.09.
TICC Capital Corp. (NASDAQ:TICC): The stock is not only touching new highs, but it also offers great dividend yield at about 10.7 percent. The company has been named among the Top 10 financial stock with attractive dividend yield. So, if you are looking for constant dividend stream, you cannot afford to ignore this stock. It is also doing good on price front as it touched its 52 week high at $11.09 during the current trading session. The stock is now slightly off its high and is at $11.05, up 0.62 percent from its previous close of $10.98. TICC Capital commands market capitalization of $417.38 million and its stock has beta of 0.61. The company had reported its latest EPS at $0.73. Equity analyst firm Stefan recently initiated their coverage of the stock with an overweight rating. It was given the price target of $12, which seems to be achievable any time now.
