Stocks hitting new 52 week highs on February 24 are NetSuite Inc, RSC Holdings, Inc, Mastercard Incorporated, Cementos Pacasmayo S.A.A. Ameri, and Pearson plc. 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 NetSuite Inc (N) had a total return adjusted 52 week high today of $48.81 per share and are currently trading at $48.52. The stock traded higher by 3.23% or $1.52/share to $48.52. The stock recorded a trading volume of 416185 today. This represents 3.95 times the average volume for NetSuite 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 RSC Holdings, Inc (RRR) had a total return adjusted 52 week high today of $22.42 per share and are currently trading at $22.65. The stock traded higher by 1.21% or $0.27/share to $22.65. The stock recorded a trading volume of 193725 today. This represents 0.28 times the average volume for RSC Holdings, Inc. 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 Mastercard Incorporated (MA) had a total return adjusted 52 week high today of $408.55 per share and are currently trading at $415.99. The stock traded higher by 2.44% or $9.91/share to $415.99. The stock recorded a trading volume of 464452 today. This represents 1.68 times the average volume for Mastercard Incorporated. 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 Cementos Pacasmayo S.A.A. Ameri (CPAC) had a total return adjusted 52 week high today of $11.70 per share and are currently trading at $11.57. The stock fell by 0.26% or $-0.03/share to $11.57. The stock recorded a trading volume of 18925 today. This represents 0.79 times the average volume for Cementos Pacasmayo S.A.A. Ameri. 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 Pearson plc (PSO) had a total return adjusted 52 week high today of $19.57 per share and are currently trading at $19.76. The stock traded higher by 1.91% or $0.37/share to $19.76. The stock recorded a trading volume of 127492 today. This represents 1.47 times the average volume for Pearson plc. 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.
