Gaming Stocks Dominate List of 10 Nasdaq Stocks That Hit Their 52-Week Highs Tuesday

Electronic Arts Inc. (NASDAQ:EA)’s stock touched $79.99 on Tuesday (which sounds like it could be the price for one of its games), its 52-week peak. Not everyone is convinced the stock has much room left to run though, as EA was downgraded by Vetr to ‘hold’ from ‘Buy’, in a report released on Monday. On the other hand, Jefferies Group reaffirmed its ‘Buy’ rating on the video game company in a report issued to investors on the same day.

Five Below Inc (NASDAQ:FIVE) hit its 52-week high of $48.88 on Tuesday. The teen-focused retailer’s stock has gained 40% so far in 2016. Columbus Circle Investors was the top shareholder of Five Below on March 31 among the funds in our database, owning over 882,000 shares.

Lululemon Athletica inc. (NASDAQ:LULU)’s stock gained 0.17% yesterday, reaching its 52-week peak price of $77.25. After fading in the second half of 2015, shares have rebounded in a big way in 2016, gaining 46%, pushing them within sight of their all-time high of $81.43 which they hit in mid-2013.

NetEase Inc (ADR) (NASDAQ:NTES)’s stock crossed the $202 mark yesterday, reaching its 52-week high before sliding back to $197.33 to end the day. Last month, analysts at Deutsche Bank issued a ‘buy’ rating on the Beijing, China-based internet technology company, which has bucked the trend among most Chinese stocks to gain 9% this year.

Shutterfly, Inc. (NASDAQ:SFLY) is on investors’ radar following its solid performance over the past few months. On Tuesday, the Redwood, California-based image publishing service’s shares crossed the $49 level, setting a new 52-week high. The stock has gained nearly 7% this month.

Lastly is Take-Two Interactive Software, Inc. (NASDAQ:TTWO), the third major video game stock to reach its 52-week high on Tuesday. The New York-based publisher of the Grand Theft Auto series is set to announce its latest quarterly results on August 4. Meanwhile, Stifel Nicolaus reaffirmed its ‘Buy’ rating on Take-Two Interactive Software in a report published on Tuesday. Shares have gained 9% this month and over 18% this year.

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