Stocks hitting new 52 week highs on December 15 are STAAR Surgical Company, Pfizer Inc, Bristol-Myers Squibb Company, Mattress Firm Holding Corp, and Metropolitan Health Networks 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 STAAR Surgical Company (STAA) had a total return adjusted 52 week high today of $11.53 per share and are currently trading at $11.41. The stock fell by 0.79% or $-0.09/share to $11.41. The stock recorded a trading volume of 82751 today. This represents 0.62 times the average volume for STAAR Surgical Company. 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 Pfizer Inc (PFE) had a total return adjusted 52 week high today of $21.03 per share and are currently trading at $21.11. The stock traded higher by 1.20% or $0.25/share to $21.11. The stock recorded a trading volume of 22631172 today. This represents 1.27 times the average volume for Pfizer 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 Bristol-Myers Squibb Company (BMY) had a total return adjusted 52 week high today of $33.85 per share and are currently trading at $34.18. The stock traded higher by 1.30% or $0.44/share to $34.18. The stock recorded a trading volume of 3524183 today. This represents 0.71 times the average volume for Bristol-Myers Squibb Company. 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 Mattress Firm Holding Corp (MFRM) had a total return adjusted 52 week high today of $23.00 per share and are currently trading at $23.02. The stock traded higher by 3.32% or $0.74/share to $23.02. The stock recorded a trading volume of 41272 today. This represents 0.36 times the average volume for Mattress Firm Holding Corp. 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 Metropolitan Health Networks Inc (MDF) had a total return adjusted 52 week high today of $7.87 per share and are currently trading at $7.89. The stock traded higher by 2.07% or $0.16/share to $7.89. The stock recorded a trading volume of 105137 today. This represents 0.88 times the average volume for Metropolitan Health Networks 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.
