Stocks hitting new 52 week highs on May 7 are Apogee Enterprises, Inc, Cinemark Holdings Inc, American Capital Mortgage Investment Crp, Trex Co. Inc, and Mohawk Industries 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 Apogee Enterprises, Inc (APOG) had a total return adjusted 52 week high today of $15.75 per share and are currently trading at $16.03. The stock traded higher by 6.30% or $0.95/share to $16.03. The stock recorded a trading volume of 367773 today. This represents 7.02 times the average volume for Apogee Enterprises, 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 Cinemark Holdings Inc (CNK) had a total return adjusted 52 week high today of $23.89 per share and are currently trading at $23.44. The stock traded higher by 1.54% or $0.36/share to $23.44. The stock recorded a trading volume of 1149974 today. This represents 1.98 times the average volume for Cinemark 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 American Capital Mortgage Investment Crp (MTGE) had a total return adjusted 52 week high today of $23.36 per share and are currently trading at $23.31. The stock remained unchanged at 23.31. The stock recorded a trading volume of 317865 today. This represents 1.1 times the average volume for American Capital Mortgage Investment Crp. 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 Trex Co. Inc (TREX) had a total return adjusted 52 week high today of $33.30 per share and are currently trading at $29.80. The stock fell by 6.73% or $-2.15/share to $29.80. The stock recorded a trading volume of 316362 today. This represents 3.5 times the average volume for Trex Co. 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 Mohawk Industries Inc (MHK) had a total return adjusted 52 week high today of $74.31 per share and are currently trading at $74.24. The stock traded higher by 0.98% or $0.72/share to $74.24. The stock recorded a trading volume of 560861 today. This represents 1.89 times the average volume for Mohawk Industries 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.
