Stocks hitting new 52 week highs on March 29 are Threshold Pharmaceuticals Inc, Exact Sciences Corporation, Loral Space & Communications, Inc, Calumet Specialty Products Partners LP, and GP Strategies 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 Threshold Pharmaceuticals Inc (THLD) had a total return adjusted 52 week high today of $8.50 per share and are currently trading at $8.41. The stock traded higher by 5.65% or $0.45/share to $8.41. The stock recorded a trading volume of 4629651 today. This represents 3.5 times the average volume for Threshold 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 Exact Sciences Corporation (EXAS) had a total return adjusted 52 week high today of $10.78 per share and are currently trading at $10.90. The stock traded higher by 1.21% or $0.13/share to $10.90. The stock recorded a trading volume of 298195 today. This represents 1.53 times the average volume for Exact Sciences 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 Loral Space & Communications, Inc (LORL) had a total return adjusted 52 week high today of $80.56 per share and are currently trading at $79.58. The stock traded higher by 0.29% or $0.23/share to $79.58. The stock recorded a trading volume of 85320 today. This represents 5.86 times the average volume for Loral Space & Communications, 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 Calumet Specialty Products Partners LP (CLMT) had a total return adjusted 52 week high today of $27.00 per share and are currently trading at $26.76. The stock traded higher by 0.19% or $0.05/share to $26.76. The stock recorded a trading volume of 179843 today. This represents 1.59 times the average volume for Calumet Specialty Products 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 GP Strategies Corp (GPX) had a total return adjusted 52 week high today of $17.60 per share and are currently trading at $17.66. The stock traded higher by 0.63% or $0.11/share to $17.66. The stock recorded a trading volume of 24713 today. This represents 1.24 times the average volume for GP Strategies 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.
