Stocks hitting new 52 week highs on November 16 are GNC Holdings Inc, Twin Disc Inc, Spirit Airlines, Inc, American Campus Communities Inc, and MarkWest Energy 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 GNC Holdings Inc (GNC) had a total return adjusted 52 week high today of $27.33 per share and are currently trading at $27.74. The stock traded higher by 2.10% or $0.57/share to $27.74. The stock recorded a trading volume of 675797 today. This represents 2.56 times the average volume for GNC Holdings 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 Twin Disc Inc (TWIN) had a total return adjusted 52 week high today of $44.83 per share and are currently trading at $45.44. The stock traded higher by 2.39% or $1.06/share to $45.44. The stock recorded a trading volume of 52461 today. This represents 2.1 times the average volume for Twin Disc 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 Spirit Airlines, Inc (SAVE) had a total return adjusted 52 week high today of $17.24 per share and are currently trading at $17.27. The stock traded higher by 3.17% or $0.53/share to $17.27. The stock recorded a trading volume of 91297 today. This represents 2.76 times the average volume for Spirit Airlines, 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 American Campus Communities Inc (ACC) had a total return adjusted 52 week high today of $40.73 per share and are currently trading at $39.44. The stock traded higher by 0.92% or $0.36/share to $39.44. The stock recorded a trading volume of 139318 today. This represents 0.52 times the average volume for American Campus Communities 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 MarkWest Energy Partners LP (MWE) had a total return adjusted 52 week high today of $51.73 per share and are currently trading at $52.22. The stock traded higher by 1.40% or $0.72/share to $52.22. The stock recorded a trading volume of 73021 today. This represents 0.62 times the average volume for MarkWest Energy 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.
