Stocks hitting new 52 week highs on August 2 are Akorn, Inc, Liquidity Services, Inc, SM Energy Company, SandRidge Mississippian Trust I, and Deckers Outdoor 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $7.62 per share and are currently trading at $8.00. The stock traded higher by 10.65% or $0.77/share to $8.00. The stock recorded a trading volume of 1338901 today. This represents 4.39 times the average volume for Akorn, 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 Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $26.45 per share and are currently trading at $27.73. The stock traded higher by 13.44% or $3.29/share to $27.73. The stock recorded a trading volume of 212393 today. This represents 3.18 times the average volume for Liquidity Services, 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 SM Energy Company (SM) had a total return adjusted 52 week high today of $80.81 per share and are currently trading at $83.80. The stock traded higher by 10.91% or $8.24/share to $83.80. The stock recorded a trading volume of 1791961 today. This represents 4.42 times the average volume for SM Energy Company. 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 SandRidge Mississippian Trust I (SDT) had a total return adjusted 52 week high today of $29.49 per share and are currently trading at $28.10. The stock fell by 2.19% or $-0.63/share to $28.10. The stock recorded a trading volume of 143176 today. This represents 1.78 times the average volume for SandRidge Mississippian Trust I. 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 Deckers Outdoor Corp (DECK) had a total return adjusted 52 week high today of $101.87 per share and are currently trading at $103.48. The stock traded higher by 1.64% or $1.67/share to $103.48. The stock recorded a trading volume of 903652 today. This represents 2.44 times the average volume for Deckers Outdoor 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.
