Stocks hitting new 52 week highs on June 1 are Netflix, Inc., Check Point Software Technologies Ltd., Humana Inc., CIGNA Corporation, and Ecolab Inc.. Investors are buying the stock and pushing it higher because they may think that the stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.
Shares of Netflix, Inc. (NFLX) fell by 1.31% or $270.81/share to $267.26. In the past year, the shares have traded as low as $95.33 and as high as $270.81. On average, 5468820 shares of NFLX exchange hands on a given day and today's volume is recorded at 5949463. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $193.40 area.
Shares of Check Point Software Technologies Ltd. (CHKP) traded higher by 1.38% or $54.92/share to $55.68. In the past year, the shares have traded as low as $28.82 and as high as $55.91. On average, 1499700 shares of CHKP exchange hands on a given day and today's volume is recorded at 2286406. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $45.34 area.
Shares of Humana Inc. (HUM) fell by 0.77% or $80.53/share to $79.91. In the past year, the shares have traded as low as $43.59 and as high as $80.79. On average, 1604630 shares of HUM exchange hands on a given day and today's volume is recorded at 1094338. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $60.53 area.
Shares of CIGNA Corporation (CI) fell by 1.42% or $49.89/share to $49.18. In the past year, the shares have traded as low as $29.09 and as high as $50.00. On average, 2485710 shares of CI exchange hands on a given day and today's volume is recorded at 3061340. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $39.73 area.
Shares of Ecolab Inc. (ECL) fell by 1.09% or $54.88/share to $54.28. In the past year, the shares have traded as low as $44.07 and as high as $54.88. On average, 1432020 shares of ECL exchange hands on a given day and today's volume is recorded at 2833501. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $49.72 area.
