Stocks hitting new 52 week highs on May 14 are AFC Enterprises Inc, Wisconsin Energy Corp, Hilltop Holdings Inc, Hershey Co, and H. J. Heinz 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 AFC Enterprises Inc (AFCE) had a total return adjusted 52 week high today of $17.84 per share and are currently trading at $17.89. The stock traded higher by 0.34% or $0.06/share to $17.89. The stock recorded a trading volume of 16134 today. This represents 0.48 times the average volume for AFC Enterprises 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.
Shares of Wisconsin Energy Corp (WEC) had a total return adjusted 52 week high today of $37.34 per share and are currently trading at $37.17. The stock fell by 0.08% or $-0.03/share to $37.17. The stock recorded a trading volume of 681366 today. This represents 1.19 times the average volume for Wisconsin Energy 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 Hilltop Holdings Inc (HTH) had a total return adjusted 52 week high today of $10.86 per share and are currently trading at $10.78. The stock traded higher by 0.65% or $0.07/share to $10.78. The stock recorded a trading volume of 197941 today. This represents 3.15 times the average volume for Hilltop 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.
Shares of Hershey Co (HSY) had a total return adjusted 52 week high today of $68.85 per share and are currently trading at $68.77. The stock traded higher by 0.45% or $0.31/share to $68.77. The stock recorded a trading volume of 504759 today. This represents 0.81 times the average volume for Hershey Co. 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 H. J. Heinz Company (HNZ) had a total return adjusted 52 week high today of $55.07 per share and are currently trading at $55.06. The stock traded higher by 0.44% or $0.24/share to $55.06. The stock recorded a trading volume of 1088503 today. This represents 1.1 times the average volume for H. J. Heinz 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.
