Stocks hitting new 52 week highs on October 7 are Coca-Cola FEMSA S.A.B de C.V, LKQ Corp, Schiff Nutrition International Inc, Lorillard, Inc, and Reynolds American 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 Coca-Cola FEMSA S.A.B de C.V (KOF) had a total return adjusted 52 week high today of $92.98 per share and are currently trading at $93.98. The stock traded higher by 1.50% or $1.39/share to $93.98. The stock recorded a trading volume of 20502 today. This represents 1.78 times the average volume for Coca-Cola FEMSA S.A.B de C.V. 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 LKQ Corp (LKQX) had a total return adjusted 52 week high today of $27.75 per share and are currently trading at $27.57. The stock traded higher by 2.07% or $0.56/share to $27.57. The stock recorded a trading volume of 451667 today. This represents 2.41 times the average volume for LKQ 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 Schiff Nutrition International Inc (WNI) had a total return adjusted 52 week high today of $12.41 per share and are currently trading at $12.02. The stock fell by 2.91% or $-0.36/share to $12.02. The stock recorded a trading volume of 47446 today. This represents 2.36 times the average volume for Schiff Nutrition International 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 Lorillard, Inc (LO) had a total return adjusted 52 week high today of $115.86 per share and are currently trading at $115.91. The stock traded higher by 0.68% or $0.78/share to $115.91. The stock recorded a trading volume of 336889 today. This represents 0.71 times the average volume for Lorillard, 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 Reynolds American Inc (RAI) had a total return adjusted 52 week high today of $38.77 per share and are currently trading at $38.71. The stock traded higher by 0.28% or $0.11/share to $38.71. The stock recorded a trading volume of 453456 today. This represents 0.51 times the average volume for Reynolds American 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.
