Stocks hitting new 52 week highs on October 10 are Carter's, Inc, Pharmasset, Inc, BioMarin Pharmaceutical Inc, Sunoco Logistics Partners L.P, and Barnes & Noble, 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 Carter's, Inc (CRI) had a total return adjusted 52 week high today of $34.50 per share and are currently trading at $34.45. The stock traded higher by 2.47% or $0.83/share to $34.45. The stock recorded a trading volume of 357175 today. This represents 0.84 times the average volume for Carter's, 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $85.32 per share and are currently trading at $85.93. The stock traded higher by 6.43% or $5.19/share to $85.93. The stock recorded a trading volume of 591415 today. This represents 1.24 times the average volume for Pharmasset, 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 BioMarin Pharmaceutical Inc (BMRN) had a total return adjusted 52 week high today of $33.83 per share and are currently trading at $33.87. The stock traded higher by 1.59% or $0.53/share to $33.87. The stock recorded a trading volume of 264610 today. This represents 0.49 times the average volume for BioMarin Pharmaceutical 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 Sunoco Logistics Partners L.P (SXL) had a total return adjusted 52 week high today of $91.00 per share and are currently trading at $92.49. The stock traded higher by 3.04% or $2.73/share to $92.49. The stock recorded a trading volume of 14202 today. This represents 0.39 times the average volume for Sunoco Logistics Partners L.P. 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 Barnes & Noble, Inc (BKS) had a total return adjusted 52 week high today of $12.23 per share and are currently trading at $12.05. The stock traded higher by 4.42% or $0.51/share to $12.05. The stock recorded a trading volume of 200752 today. This represents 0.4 times the average volume for Barnes & Noble, 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.
