Stocks hitting new 52 week highs on January 9 are Inhibitex, Inc, Idenix Pharmaceuticals Inc, Medivation, Inc, Achillion Pharmaceuticals, Inc, and Atlas Pipeline Partners LP. 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 Inhibitex, Inc (INHX) had a total return adjusted 52 week high today of $16.49 per share and are currently trading at $23.82. The stock traded higher by 141.34% or $13.95/share to $23.82. The stock recorded a trading volume of 26233964 today. This represents 18.39 times the average volume for Inhibitex, 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 Idenix Pharmaceuticals Inc (IDIX) had a total return adjusted 52 week high today of $8.51 per share and are currently trading at $9.28. The stock traded higher by 31.63% or $2.23/share to $9.28. The stock recorded a trading volume of 7663218 today. This represents 18.08 times the average volume for Idenix Pharmaceuticals 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 Medivation, Inc (MDVN) had a total return adjusted 52 week high today of $49.66 per share and are currently trading at $52.93. The stock traded higher by 7.80% or $3.83/share to $52.93. The stock recorded a trading volume of 497267 today. This represents 1.23 times the average volume for Medivation, 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 Achillion Pharmaceuticals, Inc (ACHN) had a total return adjusted 52 week high today of $8.95 per share and are currently trading at $9.20. The stock traded higher by 16.16% or $1.28/share to $9.20. The stock recorded a trading volume of 3449533 today. This represents 11.69 times the average volume for Achillion Pharmaceuticals, 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 Atlas Pipeline Partners LP (APL) had a total return adjusted 52 week high today of $39.31 per share and are currently trading at $38.45. The stock fell by 0.03% or $-0.01/share to $38.45. The stock recorded a trading volume of 104585 today. This represents 0.65 times the average volume for Atlas Pipeline Partners LP. 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.
