Stocks hitting new 52 week highs on December 8 are Synageva BioPharma Corp, Conns Inc, Domino's Pizza, Inc, McDonald's Corp, and Medivation, 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 Synageva BioPharma Corp (GEVA) had a total return adjusted 52 week high today of $18.80 per share and are currently trading at $19.59. The stock traded higher by 4.20% or $0.79/share to $19.59. The stock recorded a trading volume of 61222 today. This represents 5.27 times the average volume for Synageva BioPharma Corp. 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 Conns Inc (CONN) had a total return adjusted 52 week high today of $12.38 per share and are currently trading at $11.96. The stock fell by 2.13% or $-0.26/share to $11.96. The stock recorded a trading volume of 918249 today. This represents 7.65 times the average volume for Conns 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 Domino's Pizza, Inc (DPZ) had a total return adjusted 52 week high today of $34.05 per share and are currently trading at $34.43. The stock traded higher by 2.90% or $0.97/share to $34.43. The stock recorded a trading volume of 624722 today. This represents 1.24 times the average volume for Domino's Pizza, 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 McDonald's Corp (MCD) had a total return adjusted 52 week high today of $96.65 per share and are currently trading at $97.40. The stock traded higher by 0.98% or $0.95/share to $97.40. The stock recorded a trading volume of 4355120 today. This represents 1.39 times the average volume for McDonald's 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 Medivation, Inc (MDVN) had a total return adjusted 52 week high today of $48.95 per share and are currently trading at $48.90. The stock traded higher by 0.20% or $0.10/share to $48.90. The stock recorded a trading volume of 239116 today. This represents 0.54 times the average volume for Medivation, 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.
