Stocks hitting new 52 week highs on August 31 are PAETEC Holding Corp, Nu Skin Enterprises Inc, Richmont Mines Inc, Dollar General Corporation, and Mueller Industries 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 PAETEC Holding Corp (PAET) had a total return adjusted 52 week high today of $5.52 per share and are currently trading at $5.59. The stock traded higher by 1.54% or $0.08/share to $5.59. The stock recorded a trading volume of 2881304 today. This represents 2.54 times the average volume for PAETEC Holding 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 Nu Skin Enterprises Inc (NUS) had a total return adjusted 52 week high today of $42.73 per share and are currently trading at $42.58. The stock traded higher by 0.78% or $0.33/share to $42.58. The stock recorded a trading volume of 487568 today. This represents 1.43 times the average volume for Nu Skin Enterprises 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 Richmont Mines Inc (RIC) had a total return adjusted 52 week high today of $11.08 per share and are currently trading at $11.04. The stock traded higher by 0.27% or $0.03/share to $11.04. The stock recorded a trading volume of 746032 today. This represents 4.29 times the average volume for Richmont Mines 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 Dollar General Corporation (DG) had a total return adjusted 52 week high today of $36.13 per share and are currently trading at $36.54. The stock traded higher by 2.18% or $0.78/share to $36.54. The stock recorded a trading volume of 2079003 today. This represents 2.66 times the average volume for Dollar General 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 Mueller Industries Inc (MLI) had a total return adjusted 52 week high today of $46.90 per share and are currently trading at $47.50. The stock traded higher by 1.82% or $0.85/share to $47.50. The stock recorded a trading volume of 212513 today. This represents 0.78 times the average volume for Mueller Industries 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.
