Stocks hitting new 52 week highs on September 9 are Yamana Gold, 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 Yamana Gold, Inc (AUY) had a total return adjusted 52 week high today of $17.45 per share and are currently trading at $17.19. The stock fell by 1.15% or $-0.20/share to $17.19. The stock recorded a trading volume of 8317249 today. This represents 2.19 times the average volume for Yamana Gold, 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.
