Stocks hitting new 52 week highs on August 30 are CF Industries Holdings, Inc, Companhia de Bebidas Das Americas (AMBEV), Hot Topic Inc, Royal Gold, Inc, and PAETEC Holding 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 CF Industries Holdings, Inc (CF) had a total return adjusted 52 week high today of $188.68 per share and are currently trading at $189.89. The stock traded higher by 0.68% or $1.28/share to $189.89. The stock recorded a trading volume of 1327994 today. This represents 1.23 times the average volume for CF Industries 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 Companhia de Bebidas Das Americas (AMBEV) (ABV) had a total return adjusted 52 week high today of $34.41 per share and are currently trading at $34.75. The stock traded higher by 1.22% or $0.42/share to $34.75. The stock recorded a trading volume of 1114279 today. This represents 0.92 times the average volume for Companhia de Bebidas Das Americas (AMBEV). 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 Hot Topic Inc (HOTT) had a total return adjusted 52 week high today of $8.61 per share and are currently trading at $8.71. The stock traded higher by 1.28% or $0.11/share to $8.71. The stock recorded a trading volume of 261854 today. This represents 0.89 times the average volume for Hot Topic 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 Royal Gold, Inc (RGLD) had a total return adjusted 52 week high today of $75.56 per share and are currently trading at $76.43. The stock traded higher by 2.52% or $1.88/share to $76.43. The stock recorded a trading volume of 430550 today. This represents 1.37 times the average volume for Royal Gold, 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 PAETEC Holding Corp (PAET) had a total return adjusted 52 week high today of $5.42 per share and are currently trading at $5.48. The stock traded higher by 1.11% or $0.06/share to $5.48. The stock recorded a trading volume of 808636 today. This represents 0.76 times the average volume for PAETEC Holding Corp. 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.
