Stocks hitting new 52 week highs on May 15 are Akorn, Inc, Snyder's-Lance, Inc, Vertex Pharmaceuticals Incorporated, Air Methods Corp, and Churchill Downs 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $13.09 per share and are currently trading at $13.05. The stock traded higher by 0.77% or $0.10/share to $13.05. The stock recorded a trading volume of 401300 today. This represents 0.69 times the average volume for Akorn, 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 Snyder's-Lance, Inc (LNCE) had a total return adjusted 52 week high today of $26.49 per share and are currently trading at $26.80. The stock traded higher by 2.02% or $0.53/share to $26.80. The stock recorded a trading volume of 91621 today. This represents 0.86 times the average volume for Snyder's-Lance, 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 Vertex Pharmaceuticals Incorporated (VRTX) had a total return adjusted 52 week high today of $65.37 per share and are currently trading at $64.08. The stock fell by 0.95% or $-0.61/share to $64.08. The stock recorded a trading volume of 2005159 today. This represents 1.16 times the average volume for Vertex Pharmaceuticals Incorporated. 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 Air Methods Corp (AIRM) had a total return adjusted 52 week high today of $93.93 per share and are currently trading at $94.31. The stock traded higher by 1.59% or $1.48/share to $94.31. The stock recorded a trading volume of 45973 today. This represents 1.19 times the average volume for Air Methods 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 Churchill Downs Inc (CHDN) had a total return adjusted 52 week high today of $62.15 per share and are currently trading at $62.63. The stock traded higher by 3.18% or $1.93/share to $62.63. The stock recorded a trading volume of 17331 today. This represents 0.58 times the average volume for Churchill Downs 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.
