3 Surprising Stocks That Hit New Highs Last Week
Equity markets are rolling these days, and a whopping 837 exchange-listed stocks hit new 52-week highs last week. Some of them have been market darlings all along, but some of them have had to claw their way to the top.
Facebook (NASDAQ: FB), Hasbro (NASDAQ: HAS), and Twitter (NYSE: TWTR) are three of the more surprising investments hitting fresh highs. Let's take a closer look at how the social networking giants and iconic toy maker won back the market.
After a rough 2018 when Facebook came under fire for everything from a lull in usage growth to data privacy concerns, the leading social networking site is back in a good groove. Its audience is growing -- up 8% over the past year -- and revenue rose at a better-than-expected 28% clip. Engagement and more effective monetization find Facebook taking advantage of its gargantuan audience that currently stands at 2.41 billion monthly active users.
Quelle Fool.com
