Stocks hitting new 52 week highs on May 16 are Darden Restaurants, Inc, Abiomed Inc, OraSure Technologies Inc, Radware Ltd, and Coca-Cola FEMSA S.A.B de C.V. 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 Darden Restaurants, Inc (DRI) had a total return adjusted 52 week high today of $52.74 per share and are currently trading at $54.88. The stock traded higher by 6.54% or $3.37/share to $54.88. The stock recorded a trading volume of 4782964 today. This represents 5.09 times the average volume for Darden Restaurants, 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 Abiomed Inc (ABMD) had a total return adjusted 52 week high today of $25.07 per share and are currently trading at $24.46. The stock traded higher by 3.03% or $0.72/share to $24.46. The stock recorded a trading volume of 1054911 today. This represents 5.39 times the average volume for Abiomed 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 OraSure Technologies Inc (OSUR) had a total return adjusted 52 week high today of $11.78 per share and are currently trading at $10.56. The stock traded higher by 16.04% or $1.46/share to $10.56. The stock recorded a trading volume of 5410686 today. This represents 44.97 times the average volume for OraSure Technologies 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 Radware Ltd (RDWR) had a total return adjusted 52 week high today of $39.48 per share and are currently trading at $39.74. The stock traded higher by 6.83% or $2.54/share to $39.74. The stock recorded a trading volume of 636014 today. This represents 9.3 times the average volume for Radware Ltd. 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 Coca-Cola FEMSA S.A.B de C.V (KOF) had a total return adjusted 52 week high today of $109.50 per share and are currently trading at $110.51. The stock traded higher by 5.11% or $5.37/share to $110.51. The stock recorded a trading volume of 170449 today. This represents 4.37 times the average volume for Coca-Cola FEMSA S.A.B de C.V. 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.
