Stocks hitting new 52 week highs on December 2 are Halozyme Therapeutics, Inc, Lakeland Financial Corp, Group 1 Automotive Inc, FMC Technologies, Inc, and Tower Bancorp 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 Halozyme Therapeutics, Inc (HALO) had a total return adjusted 52 week high today of $9.51 per share and are currently trading at $9.46. The stock traded higher by 1.18% or $0.11/share to $9.46. The stock recorded a trading volume of 254562 today. This represents 1.17 times the average volume for Halozyme Therapeutics, 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 Lakeland Financial Corp (LKFN) had a total return adjusted 52 week high today of $25.00 per share and are currently trading at $25.17. The stock traded higher by 1.86% or $0.46/share to $25.17. The stock recorded a trading volume of 18645 today. This represents 0.94 times the average volume for Lakeland Financial Corp. 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 Group 1 Automotive Inc (GPI) had a total return adjusted 52 week high today of $50.00 per share and are currently trading at $50.59. The stock traded higher by 2.24% or $1.11/share to $50.59. The stock recorded a trading volume of 190271 today. This represents 1.98 times the average volume for Group 1 Automotive 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 FMC Technologies, Inc (FTI) had a total return adjusted 52 week high today of $53.34 per share and are currently trading at $53.56. The stock traded higher by 1.61% or $0.85/share to $53.56. The stock recorded a trading volume of 1083966 today. This represents 1.34 times the average volume for FMC Technologies, 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 Tower Bancorp Inc (TOBC) had a total return adjusted 52 week high today of $27.51 per share and are currently trading at $27.55. The stock traded higher by 0.55% or $0.15/share to $27.55. The stock recorded a trading volume of 46013 today. This represents 3.25 times the average volume for Tower Bancorp 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.
