Stocks hitting new 52 week highs on December 1 are Inhibitex, Inc, Movado Group, Inc, Provident Energy Ltd, Costco Wholesale Corporation, and ViroPharma 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 Inhibitex, Inc (INHX) had a total return adjusted 52 week high today of $14.68 per share and are currently trading at $15.44. The stock traded higher by 5.75% or $0.84/share to $15.44. The stock recorded a trading volume of 1463771 today. This represents 2.96 times the average volume for Inhibitex, 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 Movado Group, Inc (MOV) had a total return adjusted 52 week high today of $17.93 per share and are currently trading at $18.03. The stock traded higher by 14.62% or $2.30/share to $18.03. The stock recorded a trading volume of 201291 today. This represents 6.65 times the average volume for Movado Group, 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 Provident Energy Ltd (PVX) had a total return adjusted 52 week high today of $9.56 per share and are currently trading at $9.76. The stock traded higher by 3.17% or $0.30/share to $9.76. The stock recorded a trading volume of 1148314 today. This represents 3.42 times the average volume for Provident Energy Ltd. 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 Costco Wholesale Corporation (COST) had a total return adjusted 52 week high today of $86.09 per share and are currently trading at $86.64. The stock traded higher by 1.58% or $1.35/share to $86.64. The stock recorded a trading volume of 1347002 today. This represents 1.99 times the average volume for Costco Wholesale Corporation. 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 ViroPharma Inc (VPHM) had a total return adjusted 52 week high today of $24.01 per share and are currently trading at $23.87. The stock fell by 0.58% or $-0.14/share to $23.87. The stock recorded a trading volume of 228844 today. This represents 0.98 times the average volume for ViroPharma 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.
