Stocks hitting new 52 week highs on October 11 are BorgWarner Inc, Questar Corporation, Activision Blizzard, Inc, ONEOK Partners, L.P, and Ross Stores 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 BorgWarner Inc (BWA) had a total return adjusted 52 week high today of $68.94 per share and are currently trading at $69.23. The stock traded higher by 0.87% or $0.60/share to $69.23. The stock recorded a trading volume of 622250 today. This represents 0.62 times the average volume for BorgWarner Inc. 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 Questar Corporation (STR) had a total return adjusted 52 week high today of $19.17 per share and are currently trading at $19.09. The stock fell by 0.41% or $-0.08/share to $19.09. The stock recorded a trading volume of 652355 today. This represents 0.74 times the average volume for Questar 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 Activision Blizzard, Inc (ATVI) had a total return adjusted 52 week high today of $12.97 per share and are currently trading at $12.93. The stock fell by 0.31% or $-0.04/share to $12.93. The stock recorded a trading volume of 2918751 today. This represents 0.76 times the average volume for Activision Blizzard, 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 ONEOK Partners, L.P (OKS) had a total return adjusted 52 week high today of $46.90 per share and are currently trading at $47.15. The stock traded higher by 2.01% or $0.93/share to $47.15. The stock recorded a trading volume of 110610 today. This represents 0.81 times the average volume for ONEOK Partners, L.P. 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 Ross Stores Inc (ROST) had a total return adjusted 52 week high today of $84.28 per share and are currently trading at $84.30. The stock traded higher by 0.04% or $0.03/share to $84.30. The stock recorded a trading volume of 358692 today. This represents 0.51 times the average volume for Ross Stores Inc. 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.
