Stocks hitting new 52 week highs on August 22 are Sturm, Ruger & Co. Inc, Emdeon Inc, Yamana Gold, Inc, and Petrohawk Energy Corporation. 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 Sturm, Ruger & Co. Inc (RGR) had a total return adjusted 52 week high today of $30.42 per share and are currently trading at $30.68. The stock traded higher by 4.00% or $1.18/share to $30.68. The stock recorded a trading volume of 151368 today. This represents 3.34 times the average volume for Sturm, Ruger & Co. 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 Emdeon Inc (EM) had a total return adjusted 52 week high today of $18.73 per share and are currently trading at $18.62. The stock traded higher by 0.65% or $0.12/share to $18.62. The stock recorded a trading volume of 311838 today. This represents 2.11 times the average volume for Emdeon 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 Yamana Gold, Inc (AUY) had a total return adjusted 52 week high today of $15.90 per share and are currently trading at $15.92. The stock traded higher by 2.64% or $0.41/share to $15.92. The stock recorded a trading volume of 4747043 today. This represents 1.88 times the average volume for Yamana 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 Petrohawk Energy Corporation (HK) had a total return adjusted 52 week high today of $38.72 per share and are currently trading at $38.74. The stock traded higher by 0.16% or $0.06/share to $38.74. The stock recorded a trading volume of 1331542 today. This represents 0.46 times the average volume for Petrohawk Energy Corporation. 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.
