Stocks hitting new 52 week highs on July 7 are Amerisafe, Inc, PriceSmart Inc, Bebe Stores, Inc, Nanometrics Incorporated, and AAR Corp. 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 Amerisafe, Inc (AMSF) had a total return adjusted 52 week high today of $23.72 per share and are currently trading at $24.23. The stock traded higher by 2.63% or $0.62/share to $24.23. The stock recorded a trading volume of 16050 today. This represents 0.67 times the average volume for Amerisafe, 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 PriceSmart Inc (PSMT) had a total return adjusted 52 week high today of $54.75 per share and are currently trading at $57.50. The stock traded higher by 5.99% or $3.25/share to $57.50. The stock recorded a trading volume of 446636 today. This represents 5.85 times the average volume for PriceSmart 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 Bebe Stores, Inc (BEBE) had a total return adjusted 52 week high today of $7.23 per share and are currently trading at $7.84. The stock traded higher by 16.32% or $1.10/share to $7.84. The stock recorded a trading volume of 1342313 today. This represents 6.76 times the average volume for Bebe Stores, 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 Nanometrics Incorporated (NANO) had a total return adjusted 52 week high today of $20.01 per share and are currently trading at $21.28. The stock traded higher by 7.64% or $1.51/share to $21.28. The stock recorded a trading volume of 772744 today. This represents 4.75 times the average volume for Nanometrics Incorporated. 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 AAR Corp (AIR) had a total return adjusted 52 week high today of $28.96 per share and are currently trading at $29.39. The stock traded higher by 2.51% or $0.72/share to $29.39. The stock recorded a trading volume of 847698 today. This represents 9.21 times the average volume for AAR Corp. 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.
