Stocks hitting new 52 week highs on April 4 are G&K Services Inc, Abbott Laboratories, Taro Pharmaceutical Industries Ltd, Allegiant Travel Company, and Lorillard, 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 G&K Services Inc (GKSR) had a total return adjusted 52 week high today of $36.06 per share and are currently trading at $36.78. The stock traded higher by 5.99% or $2.08/share to $36.78. The stock recorded a trading volume of 132812 today. This represents 4.99 times the average volume for G&K 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 Abbott Laboratories (ABT) had a total return adjusted 52 week high today of $61.49 per share and are currently trading at $61.58. The stock traded higher by 0.72% or $0.44/share to $61.58. The stock recorded a trading volume of 8657710 today. This represents 4.23 times the average volume for Abbott Laboratories. 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 Taro Pharmaceutical Industries Ltd (TARO) had a total return adjusted 52 week high today of $40.00 per share and are currently trading at $40.25. The stock traded higher by 1.13% or $0.45/share to $40.25. The stock recorded a trading volume of 25232 today. This represents 4.19 times the average volume for Taro Pharmaceutical Industries Ltd. 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 Allegiant Travel Company (ALGT) had a total return adjusted 52 week high today of $57.76 per share and are currently trading at $58.37. The stock traded higher by 2.37% or $1.35/share to $58.37. The stock recorded a trading volume of 32484 today. This represents 0.83 times the average volume for Allegiant Travel Company. 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 Lorillard, Inc (LO) had a total return adjusted 52 week high today of $133.47 per share and are currently trading at $134.90. The stock traded higher by 1.13% or $1.51/share to $134.90. The stock recorded a trading volume of 367529 today. This represents 0.96 times the average volume for Lorillard, 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.
