Stanley Fixes Its Fortunes
Wall Streeters must think it's tool time. Shares in The Stanley Works (SWK) climbed to a 52-week high of $53.42 on Apr. 11, after trading as much as 22% lower, at $41.41, less than a year earlier. Share prices soon leveled off from their peak, closing the following day at $52.52, down 1.7% from the Apr. 11 high. The New Britain (Conn.)-based company makes a variety of tools and security products, bringing in worldwide revenues of $3.3 billion in 2005.
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