Stocks hitting new 52 week highs on September 7 are AutoZone Inc, NVE Corp, Liquidity Services, Inc, and Vector Group Ltd. 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 AutoZone Inc (AZO) had a total return adjusted 52 week high today of $314.00 per share and are currently trading at $315.35. The stock traded higher by 0.48% or $1.51/share to $315.35. The stock recorded a trading volume of 102046 today. This represents 0.86 times the average volume for AutoZone 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 NVE Corp (NVEC) had a total return adjusted 52 week high today of $67.70 per share and are currently trading at $67.04. The stock traded higher by 0.52% or $0.35/share to $67.04. The stock recorded a trading volume of 20985 today. This represents 1.64 times the average volume for NVE 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 Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $31.85 per share and are currently trading at $30.55. The stock fell by 3.72% or $-1.18/share to $30.55. The stock recorded a trading volume of 196605 today. This represents 2.25 times the average volume for Liquidity Services, 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 Vector Group Ltd (VGR) had a total return adjusted 52 week high today of $19.08 per share and are currently trading at $19.07. The stock traded higher by 1.17% or $0.22/share to $19.07. The stock recorded a trading volume of 174922 today. This represents 1.61 times the average volume for Vector Group Ltd. 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.
