Stocks hitting new 52 week highs on November 4 are Inhibitex, Inc, Medivation, Inc, Ameren Corporation, InnerWorkings Inc, and Maxwell Technologies 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 Inhibitex, Inc (INHX) had a total return adjusted 52 week high today of $5.23 per share and are currently trading at $8.05. The stock traded higher by 103.16% or $4.09/share to $8.05. The stock recorded a trading volume of 10702585 today. This represents 149.11 times the average volume for Inhibitex, 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 Medivation, Inc (MDVN) had a total return adjusted 52 week high today of $40.42 per share and are currently trading at $43.08. The stock traded higher by 8.38% or $3.33/share to $43.08. The stock recorded a trading volume of 1363155 today. This represents 12.3 times the average volume for Medivation, 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 Ameren Corporation (AEE) had a total return adjusted 52 week high today of $32.53 per share and are currently trading at $32.21. The stock traded higher by 0.81% or $0.26/share to $32.21. The stock recorded a trading volume of 410233 today. This represents 1.13 times the average volume for Ameren Corporation. 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 InnerWorkings Inc (INWK) had a total return adjusted 52 week high today of $9.67 per share and are currently trading at $9.83. The stock traded higher by 5.70% or $0.53/share to $9.83. The stock recorded a trading volume of 106276 today. This represents 3.99 times the average volume for InnerWorkings 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 Maxwell Technologies Inc (MXWL) had a total return adjusted 52 week high today of $20.49 per share and are currently trading at $20.77. The stock traded higher by 8.12% or $1.56/share to $20.77. The stock recorded a trading volume of 216494 today. This represents 6.32 times the average volume for Maxwell Technologies 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.
