Sacramento Business Journal - by Here’s more evidence the stock market is going nuts: The price for a share of Stockton-based Diamond Foods Inc. closed Monday at a 52-week high of $30.18, up 5.3 percent from the closing price on Friday. The surge came on a day that saw most stocks in the market lose value and the Dow Jones Industrial Average fall to to a level last seen in 1999. Diamond (Nasdaq: DMND) has released no news since Sept. 25, when it announced earnings that exceeded earlier estimates and issued new guidance for earnings and revenue. The company’s...
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