Stocks hitting new 52 week highs on April 23 are Synageva BioPharma Corp, Amylin Pharmaceuticals, Inc, Bank of Hawaii Corporation, Harleysville Group Inc, and Home Bancshares, Inc. (Conway, AR). 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 Synageva BioPharma Corp (GEVA) had a total return adjusted 52 week high today of $40.00 per share and are currently trading at $40.07. The stock traded higher by 0.51% or $0.20/share to $40.07. The stock recorded a trading volume of 28706 today. This represents 1.07 times the average volume for Synageva BioPharma 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.
Shares of Amylin Pharmaceuticals, Inc (AMLN) had a total return adjusted 52 week high today of $25.84 per share and are currently trading at $25.24. The stock traded higher by 10.12% or $2.32/share to $25.24. The stock recorded a trading volume of 7670102 today. This represents 4.09 times the average volume for Amylin 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 Bank of Hawaii Corporation (BOH) had a total return adjusted 52 week high today of $48.74 per share and are currently trading at $48.74. The stock traded higher by 2.34% or $1.11/share to $48.74. The stock recorded a trading volume of 310687 today. This represents 1.89 times the average volume for Bank of Hawaii 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 Harleysville Group Inc (HGIC) had a total return adjusted 52 week high today of $59.83 per share and are currently trading at $59.76. The stock traded higher by 0.01% or $0.01/share to $59.76. The stock recorded a trading volume of 30773 today. This represents 1.34 times the average volume for Harleysville Group 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 Home Bancshares, Inc. (Conway, AR) (HOMB) had a total return adjusted 52 week high today of $28.72 per share and are currently trading at $28.63. The stock fell by 0.17% or $-0.05/share to $28.63. The stock recorded a trading volume of 36807 today. This represents 1.18 times the average volume for Home Bancshares, Inc. (Conway, AR). 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.
