Stocks hitting new 52 week highs on June 6 are Affymetrix Inc, Solazyme, Inc, TeleNav, Inc, Liquidity Services, Inc, and Netflix, Inc. Investors are buying the stock and pushing it higher because they may think that these stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.
Shares of Affymetrix Inc (AFFX) had a 52 week high today of $7.34 per share and are currently trading at $7.25. The stock remained unchanged at 7.25. The stock recorded a trading volume of 1966104 today. This represents 4.21 times the average volume for Affymetrix Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.
Shares of Solazyme, Inc (SZYM) had a 52 week high today of $23.86 per share and are currently trading at $23.91. The stock traded higher by 1.87% or $0.44/share to $23.91. The stock recorded a trading volume of 162567 today. This represents 0.18 times the average volume for Solazyme, Inc. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of TeleNav, Inc (TNAV) had a 52 week high today of $17.89 per share and are currently trading at $16.95. The stock fell by 4.29% or $-0.76/share to $16.95. The stock recorded a trading volume of 256800 today. This represents 3.37 times the average volume for TeleNav, Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.
Shares of Liquidity Services, Inc (LQDT) had a 52 week high today of $21.76 per share and are currently trading at $21.49. The stock traded higher by 0.37% or $0.08/share to $21.49. The stock recorded a trading volume of 73401 today. This represents 1.29 times the average volume for Liquidity Services, Inc. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of Netflix, Inc (NFLX) had a 52 week high today of $276.24 per share and are currently trading at $266.85. The stock fell by 2.50% or $-6.84/share to $266.85. The stock recorded a trading volume of 3132580 today. This represents 1.38 times the average volume for Netflix, Inc. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
