Stocks hitting new 52 week highs on October 24 are V.F. Corporation, Silicon Motion Technology Corp, Polo Ralph Lauren Corp, Sally Beauty Holdings Inc, and Liz Claiborne 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 V.F. Corporation (VFC) had a total return adjusted 52 week high today of $134.61 per share and are currently trading at $136.99. The stock traded higher by 3.24% or $4.30/share to $136.99. The stock recorded a trading volume of 969495 today. This represents 2.85 times the average volume for V.F. 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $16.50 per share and are currently trading at $16.90. The stock traded higher by 5.62% or $0.90/share to $16.90. The stock recorded a trading volume of 298298 today. This represents 1.63 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 Polo Ralph Lauren Corp (RL) had a total return adjusted 52 week high today of $154.41 per share and are currently trading at $158.07. The stock traded higher by 4.86% or $7.33/share to $158.07. The stock recorded a trading volume of 819291 today. This represents 1.69 times the average volume for Polo Ralph Lauren 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 Sally Beauty Holdings Inc (SBH) had a total return adjusted 52 week high today of $18.98 per share and are currently trading at $19.45. The stock traded higher by 3.46% or $0.65/share to $19.45. The stock recorded a trading volume of 912716 today. This represents 2.64 times the average volume for Sally Beauty Holdings 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 Liz Claiborne Inc (LIZ) had a total return adjusted 52 week high today of $7.92 per share and are currently trading at $8.10. The stock traded higher by 2.40% or $0.19/share to $8.10. The stock recorded a trading volume of 1023987 today. This represents 0.76 times the average volume for Liz Claiborne 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.
