Stocks hitting new 52 week highs on May 8 are Everest Re Group Ltd, Casey's General Stores Inc, Post Properties Inc, National Grid plc, and Arena Pharmaceuticals, 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 Everest Re Group Ltd (RE) had a total return adjusted 52 week high today of $101.25 per share and are currently trading at $101.52. The stock traded higher by 0.31% or $0.31/share to $101.52. The stock recorded a trading volume of 228651 today. This represents 1.15 times the average volume for Everest Re Group Ltd. 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 Casey's General Stores Inc (CASY) had a total return adjusted 52 week high today of $57.94 per share and are currently trading at $58.37. The stock traded higher by 1.37% or $0.79/share to $58.37. The stock recorded a trading volume of 224422 today. This represents 2.26 times the average volume for Casey's General Stores 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 Post Properties Inc (PPS) had a total return adjusted 52 week high today of $49.45 per share and are currently trading at $49.55. The stock traded higher by 0.36% or $0.18/share to $49.55. The stock recorded a trading volume of 228266 today. This represents 0.79 times the average volume for Post 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 National Grid plc (NGG) had a total return adjusted 52 week high today of $54.31 per share and are currently trading at $54.24. The stock fell by 0.08% or $-0.04/share to $54.24. The stock recorded a trading volume of 155507 today. This represents 0.72 times the average volume for National Grid plc. 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 Arena Pharmaceuticals, Inc (ARNA) had a total return adjusted 52 week high today of $3.47 per share and are currently trading at $3.15. The stock traded higher by 15.81% or $0.43/share to $3.15. The stock recorded a trading volume of 34704948 today. This represents 6.55 times the average volume for Arena Pharmaceuticals, 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.
