Stocks hitting new 52 week highs on October 7 are Genesco Inc, RLI Corp, Black Box Corp, Activision Blizzard, Inc, and ProAssurance Corporation. 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 Genesco Inc (GCO) had a total return adjusted 52 week high today of $56.84 per share and are currently trading at $55.73. The stock traded higher by 0.11% or $0.06/share to $55.73. The stock recorded a trading volume of 133251 today. This represents 1.2 times the average volume for Genesco 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 RLI Corp (RLI) had a total return adjusted 52 week high today of $67.71 per share and are currently trading at $67.49. The stock fell by 0.22% or $-0.15/share to $67.49. The stock recorded a trading volume of 15309 today. This represents 0.52 times the average volume for RLI Corp. 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 Black Box Corp (BBOX) had a total return adjusted 52 week high today of $23.59 per share and are currently trading at $23.50. The stock remained unchanged at 23.50. The stock recorded a trading volume of 11035 today. This represents 0.51 times the average volume for Black Box Corp. 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 Activision Blizzard, Inc (ATVI) had a total return adjusted 52 week high today of $12.58 per share and are currently trading at $12.45. The stock fell by 0.95% or $-0.12/share to $12.45. The stock recorded a trading volume of 3524755 today. This represents 1.59 times the average volume for Activision Blizzard, 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 ProAssurance Corporation (PRA) had a total return adjusted 52 week high today of $77.37 per share and are currently trading at $76.81. The stock fell by 0.67% or $-0.52/share to $76.81. The stock recorded a trading volume of 21388 today. This represents 0.45 times the average volume for ProAssurance Corporation. 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.
