Stocks hitting new 52 week highs on January 9 are CVR Partners, LP, VIVUS Inc, Citizens Republic Bancorp, Inc, BioMarin Pharmaceutical Inc, and Silicon Motion Technology Corp. 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 CVR Partners, LP (UAN) had a total return adjusted 52 week high today of $27.95 per share and are currently trading at $28.20. The stock traded higher by 2.06% or $0.57/share to $28.20. The stock recorded a trading volume of 390034 today. This represents 3.59 times the average volume for CVR Partners, LP. 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 VIVUS Inc (VVUS) had a total return adjusted 52 week high today of $11.48 per share and are currently trading at $11.51. The stock traded higher by 13.29% or $1.35/share to $11.51. The stock recorded a trading volume of 2524219 today. This represents 3.65 times the average volume for VIVUS 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 Citizens Republic Bancorp, Inc (CRBC) had a total return adjusted 52 week high today of $12.80 per share and are currently trading at $13.03. The stock traded higher by 2.12% or $0.27/share to $13.03. The stock recorded a trading volume of 300827 today. This represents 2.41 times the average volume for Citizens Republic Bancorp, 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 BioMarin Pharmaceutical Inc (BMRN) had a total return adjusted 52 week high today of $36.66 per share and are currently trading at $37.55. The stock traded higher by 2.57% or $0.94/share to $37.55. The stock recorded a trading volume of 990972 today. This represents 2.61 times the average volume for BioMarin Pharmaceutical 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $22.39 per share and are currently trading at $23.08. The stock traded higher by 4.43% or $0.98/share to $23.08. The stock recorded a trading volume of 422995 today. This represents 1.22 times the average volume for Silicon Motion Technology 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.
