Stocks hitting new 52 week highs on May 4 are Whole Foods Market, Inc, Liquidity Services, Inc, PriceSmart Inc, FirstEnergy Corp, and CYS Investments 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 Whole Foods Market, Inc (WFM) had a total return adjusted 52 week high today of $91.06 per share and are currently trading at $90.78. The stock traded higher by 0.10% or $0.09/share to $90.78. The stock recorded a trading volume of 1167723 today. This represents 2.52 times the average volume for Whole Foods Market, 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 Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $64.39 per share and are currently trading at $63.97. The stock traded higher by 2.78% or $1.73/share to $63.97. The stock recorded a trading volume of 269220 today. This represents 2.04 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 PriceSmart Inc (PSMT) had a total return adjusted 52 week high today of $83.95 per share and are currently trading at $83.50. The stock traded higher by 0.18% or $0.15/share to $83.50. The stock recorded a trading volume of 110342 today. This represents 1.29 times the average volume for PriceSmart 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 FirstEnergy Corp (FE) had a total return adjusted 52 week high today of $46.97 per share and are currently trading at $46.91. The stock traded higher by 0.24% or $0.11/share to $46.91. The stock recorded a trading volume of 750441 today. This represents 0.94 times the average volume for FirstEnergy 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 CYS Investments Inc (CYS) had a total return adjusted 52 week high today of $13.84 per share and are currently trading at $13.77. The stock fell by 0.30% or $-0.04/share to $13.77. The stock recorded a trading volume of 251415 today. This represents 0.52 times the average volume for CYS Investments Inc. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
