Stocks hitting new 52 week highs on August 25 are Rayonier Inc, Renaissance Learning Inc, Oritani Financial Corp, Terra Nitrogen Company, L.P, and NVE 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 Rayonier Inc (RYN) had a total return adjusted 52 week high today of $27.22 per share and are currently trading at $39.97. The stock traded higher by 64.42% or $15.66/share to $39.97. The stock recorded a trading volume of 179648 today. This represents 0.33 times the average volume for Rayonier 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 Renaissance Learning Inc (RLRN) had a total return adjusted 52 week high today of $14.85 per share and are currently trading at $15.47. The stock traded higher by 6.54% or $0.95/share to $15.47. The stock recorded a trading volume of 420164 today. This represents 12.99 times the average volume for Renaissance Learning 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 Oritani Financial Corp (ORIT) had a total return adjusted 52 week high today of $13.10 per share and are currently trading at $12.88. The stock traded higher by 1.58% or $0.20/share to $12.88. The stock recorded a trading volume of 675726 today. This represents 4.49 times the average volume for Oritani Financial 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.
Shares of Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $176.47 per share and are currently trading at $173.13. The stock traded higher by 0.08% or $0.14/share to $173.13. The stock recorded a trading volume of 32869 today. This represents 1.27 times the average volume for Terra Nitrogen Company, L.P. 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 NVE Corp (NVEC) had a total return adjusted 52 week high today of $64.00 per share and are currently trading at $63.60. The stock fell by 0.14% or $-0.09/share to $63.60. The stock recorded a trading volume of 46536 today. This represents 3.7 times the average volume for NVE 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.
