Stocks hitting new 52 week highs on September 16 are Diamond Foods, Inc, Silicon Motion Technology Corp, Akorn, Inc, Dollar General Corporation, and Dollar Financial Corp. 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 $80.16 per share and are currently trading at $89.09. The stock traded higher by 13.88% or $10.86/share to $89.09. The stock recorded a trading volume of 1432320 today. This represents 17.82 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $13.44 per share and are currently trading at $13.76. The stock traded higher by 5.28% or $0.69/share to $13.76. The stock recorded a trading volume of 487129 today. This represents 3.38 times the average volume for Silicon Motion Technology 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $8.81 per share and are currently trading at $8.99. The stock traded higher by 6.01% or $0.51/share to $8.99. The stock recorded a trading volume of 1032041 today. This represents 2.95 times the average volume for Akorn, 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 $37.50 per share and are currently trading at $38.22. The stock traded higher by 2.22% or $0.83/share to $38.22. The stock recorded a trading volume of 905126 today. This represents 1.2 times the average volume for Dollar General Corporation. 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 Dollar Financial Corp (DLLR) had a total return adjusted 52 week high today of $24.19 per share and are currently trading at $24.07. The stock remained unchanged at 24.07. The stock recorded a trading volume of 405851 today. This represents 2.7 times the average volume for Dollar Financial 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.
