Stocks hitting new 52 week highs on November 29 are Papa John's International Inc, WellCare Health Plans, Inc, Reynolds American Inc, Targa Resources Partners LP, and Spectrum Pharmaceuticals, 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 Papa John's International Inc (PZZA) had a total return adjusted 52 week high today of $37.85 per share and are currently trading at $37.94. The stock traded higher by 0.88% or $0.33/share to $37.94. The stock recorded a trading volume of 91737 today. This represents 1.32 times the average volume for Papa John's International 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 WellCare Health Plans, Inc (WCG) had a total return adjusted 52 week high today of $56.82 per share and are currently trading at $56.94. The stock traded higher by 0.69% or $0.39/share to $56.94. The stock recorded a trading volume of 156707 today. This represents 0.59 times the average volume for WellCare Health Plans, 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 Reynolds American Inc (RAI) had a total return adjusted 52 week high today of $40.80 per share and are currently trading at $41.10. The stock traded higher by 2.32% or $0.93/share to $41.10. The stock recorded a trading volume of 1083184 today. This represents 0.8 times the average volume for Reynolds American 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 Targa Resources Partners LP (NGLS) had a total return adjusted 52 week high today of $36.86 per share and are currently trading at $37.10. The stock traded higher by 0.82% or $0.30/share to $37.10. The stock recorded a trading volume of 50336 today. This represents 0.46 times the average volume for Targa Resources Partners LP. 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 Spectrum Pharmaceuticals, Inc (SPPI) had a total return adjusted 52 week high today of $13.55 per share and are currently trading at $13.51. The stock traded higher by 0.07% or $0.01/share to $13.51. The stock recorded a trading volume of 390005 today. This represents 0.85 times the average volume for Spectrum Pharmaceuticals, 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.
