Stocks hitting new 52 week highs on August 31 are MAKO Surgical Corp, Internet Initiative Japan Inc, PriceSmart Inc, Ligand Pharmaceuticals Inc, and Sturm, Ruger & Co. 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 MAKO Surgical Corp (MAKO) had a total return adjusted 52 week high today of $35.90 per share and are currently trading at $36.40. The stock traded higher by 2.91% or $1.03/share to $36.40. The stock recorded a trading volume of 1147782 today. This represents 2.7 times the average volume for MAKO Surgical 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 Internet Initiative Japan Inc (IIJI) had a total return adjusted 52 week high today of $11.36 per share and are currently trading at $11.75. The stock traded higher by 3.89% or $0.44/share to $11.75. The stock recorded a trading volume of 41539 today. This represents 2.93 times the average volume for Internet Initiative Japan 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 PriceSmart Inc (PSMT) had a total return adjusted 52 week high today of $64.64 per share and are currently trading at $65.36. The stock traded higher by 2.43% or $1.55/share to $65.36. The stock recorded a trading volume of 172868 today. This represents 1.58 times the average volume for PriceSmart 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 Ligand Pharmaceuticals Inc (LGND) had a total return adjusted 52 week high today of $15.45 per share and are currently trading at $15.28. The stock fell by 0.20% or $-0.03/share to $15.28. The stock recorded a trading volume of 81474 today. This represents 1.24 times the average volume for Ligand Pharmaceuticals 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 Sturm, Ruger & Co. Inc (RGR) had a total return adjusted 52 week high today of $35.93 per share and are currently trading at $35.35. The stock fell by 0.51% or $-0.18/share to $35.35. The stock recorded a trading volume of 344916 today. This represents 3.8 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.
