Stocks hitting new 52 week highs on April 27 are Cray Inc, Ariba Inc, Abaxis Inc, Rentech, Inc, and Lumber Liquidators Holdings, 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 Cray Inc (CRAY) had a total return adjusted 52 week high today of $9.19 per share and are currently trading at $10.71. The stock traded higher by 20.34% or $1.81/share to $10.71. The stock recorded a trading volume of 1822823 today. This represents 32.47 times the average volume for Cray 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 Ariba Inc (ARBA) had a total return adjusted 52 week high today of $37.14 per share and are currently trading at $39.22. The stock traded higher by 10.92% or $3.86/share to $39.22. The stock recorded a trading volume of 1278982 today. This represents 5.77 times the average volume for Ariba 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 Abaxis Inc (ABAX) had a total return adjusted 52 week high today of $31.69 per share and are currently trading at $32.91. The stock traded higher by 10.36% or $3.09/share to $32.91. The stock recorded a trading volume of 143134 today. This represents 6.15 times the average volume for Abaxis 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 Rentech, Inc (RTK) had a total return adjusted 52 week high today of $2.30 per share and are currently trading at $2.33. The stock traded higher by 2.24% or $0.05/share to $2.33. The stock recorded a trading volume of 1875406 today. This represents 3.41 times the average volume for Rentech, 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 Lumber Liquidators Holdings, Inc (LL) had a total return adjusted 52 week high today of $27.48 per share and are currently trading at $28.41. The stock traded higher by 3.38% or $0.93/share to $28.41. The stock recorded a trading volume of 388403 today. This represents 2.9 times the average volume for Lumber Liquidators Holdings, 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.
