Stocks hitting new 52 week highs on September 6 are Goldcorp 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 Goldcorp Inc (GG) had a total return adjusted 52 week high today of $56.04 per share and are currently trading at $55.03. The stock traded higher by 0.58% or $0.32/share to $55.03. The stock recorded a trading volume of 3551931 today. This represents 1.61 times the average volume for Goldcorp 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.
