Stocks hitting new 52 week highs on December 1 are Alaska Air Group, Inc, FMC Technologies, Inc, Altria Group Inc, Spectrum Pharmaceuticals, Inc, and Oceaneering International, 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 Alaska Air Group, Inc (ALK) had a total return adjusted 52 week high today of $70.61 per share and are currently trading at $71.08. The stock traded higher by 2.39% or $1.66/share to $71.08. The stock recorded a trading volume of 142764 today. This represents 1.34 times the average volume for Alaska Air Group, 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 FMC Technologies, Inc (FTI) had a total return adjusted 52 week high today of $52.70 per share and are currently trading at $52.73. The stock traded higher by 0.71% or $0.37/share to $52.73. The stock recorded a trading volume of 594808 today. This represents 0.89 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 Altria Group Inc (MO) had a total return adjusted 52 week high today of $28.72 per share and are currently trading at $29.01. The stock traded higher by 1.12% or $0.32/share to $29.01. The stock recorded a trading volume of 4752277 today. This represents 1.31 times the average volume for Altria Group 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 Spectrum Pharmaceuticals, Inc (SPPI) had a total return adjusted 52 week high today of $13.88 per share and are currently trading at $13.89. The stock traded higher by 0.29% or $0.04/share to $13.89. The stock recorded a trading volume of 287499 today. This represents 1.04 times the average volume for Spectrum Pharmaceuticals, 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 Oceaneering International, Inc (OII) had a total return adjusted 52 week high today of $47.73 per share and are currently trading at $47.84. The stock traded higher by 0.59% or $0.28/share to $47.84. The stock recorded a trading volume of 263017 today. This represents 0.92 times the average volume for Oceaneering International, 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.
