Stocks hitting new 52 week highs on September 21 are Diamond Foods, Inc, Optimer Pharmaceuticals, Inc, Range Resources Corporation, Wright Medical Group Inc, and Alexion Pharmaceuticals, 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 Diamond Foods, Inc (DMND) had a total return adjusted 52 week high today of $93.33 per share and are currently trading at $90.22. The stock fell by 2.43% or $-2.25/share to $90.22. The stock recorded a trading volume of 325213 today. This represents 4.85 times the average volume for Diamond Foods, 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 Optimer Pharmaceuticals, Inc (OPTR) had a total return adjusted 52 week high today of $16.50 per share and are currently trading at $16.29. The stock traded higher by 1.05% or $0.17/share to $16.29. The stock recorded a trading volume of 936879 today. This represents 4.23 times the average volume for Optimer Pharmaceuticals, 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 Range Resources Corporation (RRC) had a total return adjusted 52 week high today of $70.45 per share and are currently trading at $70.33. The stock traded higher by 8.38% or $5.44/share to $70.33. The stock recorded a trading volume of 3056659 today. This represents 4.6 times the average volume for Range Resources 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 Wright Medical Group Inc (WMGI) had a total return adjusted 52 week high today of $18.04 per share and are currently trading at $18.24. The stock traded higher by 1.28% or $0.23/share to $18.24. The stock recorded a trading volume of 225362 today. This represents 1.67 times the average volume for Wright Medical Group 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 Alexion Pharmaceuticals, Inc (ALXN) had a total return adjusted 52 week high today of $66.90 per share and are currently trading at $66.48. The stock traded higher by 0.42% or $0.28/share to $66.48. The stock recorded a trading volume of 372066 today. This represents 1.04 times the average volume for Alexion 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.
