Shares of Tractor Supply Company (NASDAQ: TSCO)
surged in trading on Thursday after the Brentwood, Tennessee-based company
provided a business update for the fourth quarter ended December 31, 2011. The
company said that its net sales for the fourth quarter increased 20.1% on a
year-over-year basis.
Tractor Supply Company shares rose to a new 52-week
high of $80.56 on Thursday before finishing the day nearly 10% higher on above
average volume. The rally has pushed Tractor Supply shares above their 50-day
and 200-day moving averages.
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