Treasury Wine Estates stock recovering strongly

Treasury Wine Estates stock price hit a 52-week high this week peaking at AUD$5.89 per share before retreating and closing at $5.89. The stock’s one year return is up 57.66%. It is good news for the wine company as it was less than a year ago when it was fending for a possible takeover from capital private equity firm KKR and Rhone Capital. The company made two different bids last year, which TWE rejected.