Stocks hitting new 52 week highs on November 15 are Moneygram International Inc, Idenix Pharmaceuticals Inc, ONEOK Inc, Colfax Corporation, and Metropolitan Health Networks 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 Moneygram International Inc (MGI) had a reverse split at a 8 to 1 ratio. Thus, the stock is trading at $19.15/share but is actually trading lower today by a split adjusted amount of $1.73/share or 8.29%. Adjusted for the split, the shares have traded as low as $16.72 and as high as $33.12 over the past 52 weeks. The stock is not in fact up 600% like many finance websites are indicating. This is because those sites have not yet incorporated the split factor into their pricing history.
Shares of Idenix Pharmaceuticals Inc (IDIX) had a total return adjusted 52 week high today of $7.16 per share and are currently trading at $6.97. The stock traded higher by 3.34% or $0.23/share to $6.97. The stock recorded a trading volume of 682266 today. This represents 2.97 times the average volume for Idenix Pharmaceuticals 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 ONEOK Inc (OKE) had a total return adjusted 52 week high today of $78.93 per share and are currently trading at $78.95. The stock traded higher by 0.95% or $0.74/share to $78.95. The stock recorded a trading volume of 418307 today. This represents 1.17 times the average volume for ONEOK 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 Colfax Corporation (CFX) had a total return adjusted 52 week high today of $28.76 per share and are currently trading at $28.85. The stock traded higher by 5.56% or $1.52/share to $28.85. The stock recorded a trading volume of 708246 today. This represents 2.94 times the average volume for Colfax Corporation. 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 Metropolitan Health Networks Inc (MDF) had a total return adjusted 52 week high today of $7.32 per share and are currently trading at $7.18. The stock fell by 1.78% or $-0.13/share to $7.18. The stock recorded a trading volume of 183024 today. This represents 1.79 times the average volume for Metropolitan Health Networks 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.
