Stocks hitting new 52 week highs on November 7 are Cabot Oil & Gas Corporation, Sunoco Logistics Partners L.P, Hibbett Sports, Inc, Meadowbrook Insurance Group Inc, and Ulta Salon, Cosmetics & Fragrance, 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 Cabot Oil & Gas Corporation (COG) had a total return adjusted 52 week high today of $84.00 per share and are currently trading at $83.53. The stock fell by 0.13% or $-0.11/share to $83.53. The stock recorded a trading volume of 798528 today. This represents 0.84 times the average volume for Cabot Oil & Gas 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 Sunoco Logistics Partners L.P (SXL) had a total return adjusted 52 week high today of $100.67 per share and are currently trading at $99.57. The stock fell by 0.79% or $-0.79/share to $99.57. The stock recorded a trading volume of 20203 today. This represents 0.57 times the average volume for Sunoco Logistics Partners L.P. 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 Hibbett Sports, Inc (HIBB) had a total return adjusted 52 week high today of $43.34 per share and are currently trading at $43.05. The stock fell by 0.53% or $-0.23/share to $43.05. The stock recorded a trading volume of 141737 today. This represents 0.89 times the average volume for Hibbett Sports, 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 Meadowbrook Insurance Group Inc (MIG) had a total return adjusted 52 week high today of $10.80 per share and are currently trading at $10.55. The stock fell by 0.57% or $-0.06/share to $10.55. The stock recorded a trading volume of 34666 today. This represents 0.27 times the average volume for Meadowbrook Insurance Group 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 Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) had a total return adjusted 52 week high today of $75.00 per share and are currently trading at $73.55. The stock fell by 0.93% or $-0.69/share to $73.55. The stock recorded a trading volume of 569388 today. This represents 1.39 times the average volume for Ulta Salon, Cosmetics & Fragrance, 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.
