Stocks hitting new 52 week highs on January 3 are Select Comfort Corporation, Bankrate, Inc, Main Street Capital Corporation, Kirby Corporation, and Texas Capital BancShares 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 Select Comfort Corporation (SCSS) had a total return adjusted 52 week high today of $22.19 per share and are currently trading at $23.09. The stock traded higher by 6.45% or $1.40/share to $23.09. The stock recorded a trading volume of 665212 today. This represents 1.32 times the average volume for Select Comfort Corporation. 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 Bankrate, Inc (RATE) had a total return adjusted 52 week high today of $21.94 per share and are currently trading at $22.36. The stock traded higher by 4.01% or $0.86/share to $22.36. The stock recorded a trading volume of 262944 today. This represents 1.39 times the average volume for Bankrate, 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 Main Street Capital Corporation (MAIN) had a total return adjusted 52 week high today of $21.25 per share and are currently trading at $21.77. The stock traded higher by 2.50% or $0.53/share to $21.77. The stock recorded a trading volume of 154501 today. This represents 1.66 times the average volume for Main Street Capital 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 Kirby Corporation (KEX) had a total return adjusted 52 week high today of $66.36 per share and are currently trading at $65.56. The stock fell by 0.43% or $-0.28/share to $65.56. The stock recorded a trading volume of 387214 today. This represents 2.35 times the average volume for Kirby 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 Texas Capital BancShares Inc (TCBI) had a total return adjusted 52 week high today of $30.98 per share and are currently trading at $31.59. The stock traded higher by 3.20% or $0.98/share to $31.59. The stock recorded a trading volume of 261990 today. This represents 1.73 times the average volume for Texas Capital BancShares 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.
