Stocks hitting new 52 week highs on June 1 are White Mountains Insurance Group, Ltd., Hill-Rom Holdings, Inc., Great Plains Energy Incorporated, KAR Auction Services, Inc., and Qlik Technologies, 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 White Mountains Insurance Group, Ltd. (WTM) fell by 0.8% or $409.52/share to $406.24. In the past year, the shares have traded as low as $294.08 and as high as $410.59. On average, 24090 shares of WTM exchange hands on a given day and today's volume is recorded at 43808. 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 $339.35 area.
Shares of Hill-Rom Holdings, Inc. (HRC) traded higher by 0.99% or $45.64/share to $46.09. In the past year, the shares have traded as low as $26.79 and as high as $47.00. On average, 455930 shares of HRC exchange hands on a given day and today's volume is recorded at 1190420. 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 $38.89 area.
Shares of Great Plains Energy Incorporated (GXP) fell by 1.32% or $21.17/share to $20.89. In the past year, the shares have traded as low as $15.93 and as high as $21.19. On average, 986450 shares of GXP exchange hands on a given day and today's volume is recorded at 1311227. 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 $19.09 area.
Shares of KAR Auction Services, Inc. (KAR) fell by 1.63% or $20.91/share to $20.57. In the past year, the shares have traded as low as $11.03 and as high as $20.91. On average, 329100 shares of KAR exchange hands on a given day and today's volume is recorded at 223905. 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 $14.48 area.
Shares of Qlik Technologies, Inc. (QLIK) fell by 1.14% or $33.29/share to $32.91. In the past year, the shares have traded as low as $14.00 and as high as $33.45. On average, 1583850 shares of QLIK exchange hands on a given day and today's volume is recorded at 1413026. 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 $24.69 area.
