Stocks hitting new 52 week highs on September 6 are Pharmasset, Inc, Newmont Mining Corp, Telvent Git S.A, New Gold, Inc, and Endeavour Silver 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $68.91 per share and are currently trading at $66.01. The stock traded higher by 2.82% or $1.81/share to $66.01. The stock recorded a trading volume of 816380 today. This represents 2.24 times the average volume for Pharmasset, 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 Newmont Mining Corp (NEM) had a total return adjusted 52 week high today of $64.90 per share and are currently trading at $64.82. The stock traded higher by 0.54% or $0.35/share to $64.82. The stock recorded a trading volume of 4975154 today. This represents 2.3 times the average volume for Newmont Mining 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 Telvent Git S.A (TLVT) had a total return adjusted 52 week high today of $40.85 per share and are currently trading at $41.24. The stock traded higher by 1.60% or $0.65/share to $41.24. The stock recorded a trading volume of 26724 today. This represents 0.25 times the average volume for Telvent Git S.A. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of New Gold, Inc (NGD) had a total return adjusted 52 week high today of $13.79 per share and are currently trading at $13.71. The stock traded higher by 1.18% or $0.16/share to $13.71. The stock recorded a trading volume of 2867750 today. This represents 2.61 times the average volume for New 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.
Shares of Endeavour Silver Corp (EXK) had a total return adjusted 52 week high today of $12.75 per share and are currently trading at $12.31. The stock fell by 2.38% or $-0.30/share to $12.31. The stock recorded a trading volume of 1579805 today. This represents 1.81 times the average volume for Endeavour Silver 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.
