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ADTRAN Inc. (ADTN) Finished At A 6-Month High

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1/24/2012 7:32 AM ET

Shares of ADTRAN Inc. (ADTN: Quote) rose steadily during the first hour of trade Monday, before settling into a range. The stock ended the session higher by 1.08 at $34.99.

ADTRAN Inc. has been climbing for nearly 2 weeks and closed Monday at a 6-month high.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February. First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000. After giving back some ground in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 40 points.
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