The stocks of Thor and Kit reached new 52-week highs again today (May 23) because of developments earlier this week.
Thor, which reported exceptionally strong earnings on Wednesday (May 22), saw its stock price climb another $2.27 a share today to close at $69.25, a new 52-week high.
Thor’s previous 52-week high was $67.30 established Wednesday.
Meanwhile, Kit’s stock gained 8 cents today to close at $4.18, its new 52-week high. Kit’s previous 52-week high was $4.10 set on Wednesday.
Kit announced Tuesday (May 21), that it hired an investment banking firm to study strategic moves to enhance shareholder value, which could possibly include a merger or sale of the company.
Kit’s stock traded for between $2 and $3 a share for much of the past year.