Stocks hitting new 52 week highs on May 31 are American Capital Agency Corp, and LKQ Corp. 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 American Capital Agency Corp (AGNC) had a total return adjusted 52 week high today of $32.64 per share and are currently trading at $32.53. The stock traded higher by 0.12% or $0.04/share to $32.53. The stock recorded a trading volume of 1923936 today. This represents 1.08 times the average volume for American Capital Agency 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 LKQ Corp (LKQ) had a total return adjusted 52 week high today of $36.34 per share and are currently trading at $35.98. The stock remained unchanged at 35.98. The stock recorded a trading volume of 161502 today. This represents 0.72 times the average volume for LKQ 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.
