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Tiffany & Co. (TIF) Rose To A New High After Luxottica Agreement Renewed

Tiffany & Co. (TIF) announced Thursday morning that it has renewed its exclusive license agreement with Luxottica Group for sunglasses and prescription frames.

Tiffany gapped open higher Thursday and climbed in early trade. The stock settled into a range for the majority of the session and closed up by 3.24 at $99.34 on above average volume. Tiffany broke out past resistance and set a new high for the year.

by RTTNews Staff Writer

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