Stocks hitting new 52 week highs on May 29 are Bed Bath & Beyond Inc, Sanderson Farms, Inc, Meritage Homes Corporation, Hudson Pacific Properties, Inc, and The Sherwin-Williams Company. 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 Bed Bath & Beyond Inc (BBBY) had a total return adjusted 52 week high today of $73.10 per share and are currently trading at $73.74. The stock traded higher by 1.85% or $1.34/share to $73.74. The stock recorded a trading volume of 982297 today. This represents 1.24 times the average volume for Bed Bath & Beyond 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 Sanderson Farms, Inc (SAFM) had a total return adjusted 52 week high today of $54.87 per share and are currently trading at $51.74. The stock fell by 4.73% or $-2.57/share to $51.74. The stock recorded a trading volume of 207455 today. This represents 3.18 times the average volume for Sanderson Farms, 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 Meritage Homes Corporation (MTH) had a total return adjusted 52 week high today of $30.44 per share and are currently trading at $30.64. The stock traded higher by 2.24% or $0.67/share to $30.64. The stock recorded a trading volume of 125818 today. This represents 0.74 times the average volume for Meritage Homes Corporation. 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 Hudson Pacific Properties, Inc (HPP) had a total return adjusted 52 week high today of $16.20 per share and are currently trading at $16.18. The stock traded higher by 0.81% or $0.13/share to $16.18. The stock recorded a trading volume of 80815 today. This represents 1.28 times the average volume for Hudson Pacific Properties, 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 The Sherwin-Williams Company (SHW) had a total return adjusted 52 week high today of $126.42 per share and are currently trading at $128.22. The stock traded higher by 1.51% or $1.91/share to $128.22. The stock recorded a trading volume of 494634 today. This represents 1.31 times the average volume for The Sherwin-Williams 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.
