Stocks hitting new 52 week highs on October 24 are American Financial Group Inc, Domino's Pizza, Inc, Garmin Ltd, Arthur J Gallagher & Co, and OneBeacon Insurance Group, Ltd. 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 American Financial Group Inc (AFG) had a total return adjusted 52 week high today of $35.70 per share and are currently trading at $36.17. The stock traded higher by 2.62% or $0.92/share to $36.17. The stock recorded a trading volume of 257554 today. This represents 1.55 times the average volume for American Financial Group 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 Domino's Pizza, Inc (DPZ) had a total return adjusted 52 week high today of $32.26 per share and are currently trading at $32.85. The stock traded higher by 1.84% or $0.59/share to $32.85. The stock recorded a trading volume of 433140 today. This represents 1.15 times the average volume for Domino's Pizza, 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 Garmin Ltd (GRMN) had a total return adjusted 52 week high today of $35.13 per share and are currently trading at $35.24. The stock traded higher by 1.82% or $0.63/share to $35.24. The stock recorded a trading volume of 675379 today. This represents 1.72 times the average volume for Garmin Ltd. 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 Arthur J Gallagher & Co (AJG) had a total return adjusted 52 week high today of $30.83 per share and are currently trading at $31.11. The stock traded higher by 1.93% or $0.59/share to $31.11. The stock recorded a trading volume of 718955 today. This represents 2.73 times the average volume for Arthur J Gallagher & Co. 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 OneBeacon Insurance Group, Ltd (OB) had a total return adjusted 52 week high today of $14.40 per share and are currently trading at $14.70. The stock traded higher by 2.15% or $0.31/share to $14.70. The stock recorded a trading volume of 23756 today. This represents 0.63 times the average volume for OneBeacon Insurance Group, Ltd. 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.
