Stocks hitting new 52 week highs on May 18 are Dorman Products, Inc, and AZZ Incorporated. 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 Dorman Products, Inc (DORM) had a total return adjusted 52 week high today of $52.04 per share and are currently trading at $51.65. The stock fell by 0.39% or $-0.20/share to $51.65. The stock recorded a trading volume of 18351 today. This represents 1.55 times the average volume for Dorman Products, 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 AZZ Incorporated (AZZ) had a total return adjusted 52 week high today of $53.95 per share and are currently trading at $53.55. The stock traded higher by 2.41% or $1.26/share to $53.55. The stock recorded a trading volume of 29644 today. This represents 2.3 times the average volume for AZZ Incorporated. 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.
