Stocks hitting new 52 week highs on December 12 are Garmin Ltd, American Capital Agency Corp, and The Children. 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 Garmin Ltd (GRMN) had a total return adjusted 52 week high today of $37.98 per share and are currently trading at $37.97. The stock traded higher by 0.18% or $0.07/share to $37.97. The stock recorded a trading volume of 137763 today. This represents 1.21 times the average volume for Garmin Ltd. 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 American Capital Agency Corp (AGNC) had a total return adjusted 52 week high today of $28.95 per share and are currently trading at $28.94. The stock traded higher by 0.14% or $0.04/share to $28.94. The stock recorded a trading volume of 431821 today. This represents 0.7 times the average volume for American Capital Agency 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 The Children (PLCE) had a total return adjusted 52 week high today of $56.57 per share and are currently trading at $56.03. The stock fell by 0.81% or $-0.46/share to $56.03. The stock recorded a trading volume of 73990 today. This represents 1.0 times the average volume for The Children. 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.
