Stocks hitting new 52 week highs on October 3 are Pharmasset, Inc, Quidel Corp, Treehouse Foods, Inc, Bristol-Myers Squibb Company, and ONEOK Partners, L.P. 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $81.15 per share and are currently trading at $82.37. The stock traded higher by 6.56% or $5.07/share to $82.37. The stock recorded a trading volume of 2232300 today. This represents 2.2 times the average volume for Pharmasset, 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 Quidel Corp (QDEL) had a total return adjusted 52 week high today of $16.30 per share and are currently trading at $16.37. The stock traded higher by 0.74% or $0.12/share to $16.37. The stock recorded a trading volume of 216000 today. This represents 1.27 times the average volume for Quidel Corp. 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 Treehouse Foods, Inc (THS) had a total return adjusted 52 week high today of $62.72 per share and are currently trading at $61.84. The stock traded higher by 0.88% or $0.54/share to $61.84. The stock recorded a trading volume of 298900 today. This represents 0.87 times the average volume for Treehouse Foods, 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 Bristol-Myers Squibb Company (BMY) had a total return adjusted 52 week high today of $31.78 per share and are currently trading at $31.38. The stock traded higher by 0.84% or $0.26/share to $31.38. The stock recorded a trading volume of 16123600 today. This represents 1.17 times the average volume for Bristol-Myers Squibb Company. 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 $46.59 per share and are currently trading at $46.62. The stock traded higher by 1.48% or $0.68/share to $46.62. The stock recorded a trading volume of 280900 today. This represents 1.04 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.
