Stocks hitting new 52 week highs on August 24 are CF Industries Holdings, Inc, Susser Holdings Corporation, PharMerica Corporation, and APAC Customer Services 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 CF Industries Holdings, Inc (CF) had a total return adjusted 52 week high today of $174.47 per share and are currently trading at $174.94. The stock traded higher by 2.56% or $4.37/share to $174.94. The stock recorded a trading volume of 1749123 today. This represents 1.36 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 Susser Holdings Corporation (SUSS) had a total return adjusted 52 week high today of $20.37 per share and are currently trading at $20.40. The stock traded higher by 2.51% or $0.50/share to $20.40. The stock recorded a trading volume of 53794 today. This represents 1.53 times the average volume for Susser Holdings Corporation. 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 PharMerica Corporation (PMC) had a total return adjusted 52 week high today of $14.75 per share and are currently trading at $14.36. The stock traded higher by 31.38% or $3.43/share to $14.36. The stock recorded a trading volume of 3357836 today. This represents 20.31 times the average volume for PharMerica Corporation. 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 APAC Customer Services Inc (APAC) had a total return adjusted 52 week high today of $8.52 per share and are currently trading at $8.49. The stock traded higher by 0.35% or $0.03/share to $8.49. The stock recorded a trading volume of 304072 today. This represents 0.57 times the average volume for APAC Customer Services 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.
