Stocks hitting new 52 week highs on August 4 are Peet's Coffee & Tea Inc, Kraft Foods Inc, Royal Gold, Inc, MarketAxess Holdings Inc, and Exlservice Holdings, 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 Peet's Coffee & Tea Inc (PEET) had a total return adjusted 52 week high today of $63.48 per share and are currently trading at $61.32. The stock fell by 3.13% or $-1.98/share to $61.32. The stock recorded a trading volume of 128906 today. This represents 1.84 times the average volume for Peet's Coffee & Tea 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 Kraft Foods Inc (KFT) had a total return adjusted 52 week high today of $36.02 per share and are currently trading at $35.20. The stock traded higher by 2.62% or $0.90/share to $35.20. The stock recorded a trading volume of 31119024 today. This represents 8.41 times the average volume for Kraft Foods 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 Royal Gold, Inc (RGLD) had a total return adjusted 52 week high today of $70.59 per share and are currently trading at $67.97. The stock fell by 3.30% or $-2.32/share to $67.97. The stock recorded a trading volume of 692875 today. This represents 2.76 times the average volume for Royal Gold, 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 MarketAxess Holdings Inc (MKTX) had a total return adjusted 52 week high today of $27.13 per share and are currently trading at $27.02. The stock fell by 0.22% or $-0.06/share to $27.02. The stock recorded a trading volume of 59116 today. This represents 0.95 times the average volume for MarketAxess Holdings 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 Exlservice Holdings, Inc (EXLS) had a total return adjusted 52 week high today of $26.00 per share and are currently trading at $25.81. The stock fell by 0.65% or $-0.17/share to $25.81. The stock recorded a trading volume of 37586 today. This represents 1.27 times the average volume for Exlservice Holdings, 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.
