Stocks hitting new 52 week highs on October 17 are Apple Inc, Activision Blizzard, Inc, Bed Bath & Beyond, Inc, Magellan Midstream Partners LP, and Enterprise Products Partners LP. 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 Apple Inc (AAPL) had a total return adjusted 52 week high today of $422.84 per share and are currently trading at $416.16. The stock fell by 1.38% or $-5.82/share to $416.16. The stock recorded a trading volume of 15053904 today. This represents 1.27 times the average volume for Apple 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 Activision Blizzard, Inc (ATVI) had a total return adjusted 52 week high today of $13.11 per share and are currently trading at $12.90. The stock fell by 0.15% or $-0.02/share to $12.90. The stock recorded a trading volume of 3414046 today. This represents 0.78 times the average volume for Activision Blizzard, 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 Bed Bath & Beyond, Inc (BBBY) had a total return adjusted 52 week high today of $61.23 per share and are currently trading at $60.79. The stock fell by 0.62% or $-0.38/share to $60.79. The stock recorded a trading volume of 899267 today. This represents 0.58 times the average volume for Bed Bath & Beyond, 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 Magellan Midstream Partners LP (MMP) had a total return adjusted 52 week high today of $62.68 per share and are currently trading at $62.72. The stock traded higher by 0.35% or $0.22/share to $62.72. The stock recorded a trading volume of 118461 today. This represents 0.76 times the average volume for Magellan Midstream Partners LP. 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 Enterprise Products Partners LP (EPD) had a total return adjusted 52 week high today of $43.45 per share and are currently trading at $43.17. The stock fell by 0.14% or $-0.06/share to $43.17. The stock recorded a trading volume of 707955 today. This represents 0.91 times the average volume for Enterprise Products Partners LP. 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.
