Stocks hitting new 52 week highs on June 24 are Entegris, Inc, Genomic Health Inc, Peet's Coffee & Tea Inc, Ariad Pharmaceuticals Inc, and Pegasystems 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 Entegris, Inc (ENTG) had a total return adjusted 52 week high today of $9.83 per share and are currently trading at $9.82. The stock traded higher by 0.72% or $0.07/share to $9.82. The stock recorded a trading volume of 853639 today. This represents 1.32 times the average volume for Entegris, 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 Genomic Health Inc (GHDX) had a total return adjusted 52 week high today of $27.99 per share and are currently trading at $28.47. The stock traded higher by 3.00% or $0.83/share to $28.47. The stock recorded a trading volume of 53136 today. This represents 1.19 times the average volume for Genomic Health 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 Peet's Coffee & Tea Inc (PEET) had a total return adjusted 52 week high today of $55.19 per share and are currently trading at $55.38. The stock traded higher by 0.95% or $0.52/share to $55.38. The stock recorded a trading volume of 47373 today. This represents 0.69 times the average volume for Peet's Coffee & Tea 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 Ariad Pharmaceuticals Inc (ARIA) had a total return adjusted 52 week high today of $10.48 per share and are currently trading at $10.57. The stock traded higher by 1.44% or $0.15/share to $10.57. The stock recorded a trading volume of 1313627 today. This represents 0.99 times the average volume for Ariad Pharmaceuticals 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 Pegasystems Inc (PEGA) had a total return adjusted 52 week high today of $42.31 per share and are currently trading at $42.76. The stock traded higher by 1.66% or $0.70/share to $42.76. The stock recorded a trading volume of 62108 today. This represents 0.74 times the average volume for Pegasystems 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.
