Stocks hitting new 52 week highs on July 8 are Delek US Holdings Inc, 8x8 Inc, UMB Financial Corporation, Western Refining Inc, and Basic Energy Services, 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 Delek US Holdings Inc (DK) had a total return adjusted 52 week high today of $16.28 per share and are currently trading at $16.54. The stock traded higher by 1.91% or $0.31/share to $16.54. The stock recorded a trading volume of 62025 today. This represents 0.57 times the average volume for Delek US Holdings 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 8x8 Inc (EGHT) had a total return adjusted 52 week high today of $5.18 per share and are currently trading at $5.14. The stock fell by 0.77% or $-0.04/share to $5.14. The stock recorded a trading volume of 682121 today. This represents 1.49 times the average volume for 8x8 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 UMB Financial Corporation (UMBF) had a total return adjusted 52 week high today of $45.21 per share and are currently trading at $45.80. The stock traded higher by 1.44% or $0.65/share to $45.80. The stock recorded a trading volume of 105111 today. This represents 1.64 times the average volume for UMB Financial Corporation. 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 Western Refining Inc (WNR) had a total return adjusted 52 week high today of $19.79 per share and are currently trading at $19.96. The stock traded higher by 2.10% or $0.41/share to $19.96. The stock recorded a trading volume of 2187143 today. This represents 1.43 times the average volume for Western Refining 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 Basic Energy Services, Inc (BAS) had a total return adjusted 52 week high today of $35.28 per share and are currently trading at $35.09. The stock traded higher by 0.54% or $0.19/share to $35.09. The stock recorded a trading volume of 394711 today. This represents 1.27 times the average volume for Basic Energy 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.
