Stocks hitting new 52 week highs on April 16 are Seagate Technology PLC, Liquidity Services, Inc, The Home Depot, Inc, PS Business Parks Inc, and Williams Companies, Inc. 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 Seagate Technology PLC (STX) had a total return adjusted 52 week high today of $28.63 per share and are currently trading at $28.36. The stock traded higher by 3.58% or $0.98/share to $28.36. The stock recorded a trading volume of 9974163 today. This represents 2.74 times the average volume for Seagate Technology 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.
Shares of Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $51.91 per share and are currently trading at $51.99. The stock traded higher by 1.35% or $0.69/share to $51.99. The stock recorded a trading volume of 233266 today. This represents 1.64 times the average volume for Liquidity Services, 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 The Home Depot, Inc (HD) had a total return adjusted 52 week high today of $51.28 per share and are currently trading at $51.52. The stock traded higher by 1.10% or $0.56/share to $51.52. The stock recorded a trading volume of 3904347 today. This represents 1.32 times the average volume for The Home Depot, 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 PS Business Parks Inc (PSB) had a total return adjusted 52 week high today of $66.38 per share and are currently trading at $66.58. The stock traded higher by 0.73% or $0.48/share to $66.58. The stock recorded a trading volume of 27202 today. This represents 0.87 times the average volume for PS Business Parks 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 Williams Companies, Inc (WMB) had a total return adjusted 52 week high today of $32.21 per share and are currently trading at $31.55. The stock fell by 1.71% or $-0.55/share to $31.55. The stock recorded a trading volume of 2431696 today. This represents 1.16 times the average volume for Williams Companies, 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.
