Stocks hitting new 52 week highs on May 1 are Fortune Brands Home & Security, Inc, Seagate Technology PLC, NiSource Inc, Heartland Financial USA Inc, and Proto Labs, 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 Fortune Brands Home & Security, Inc (FBHS) had a total return adjusted 52 week high today of $22.80 per share and are currently trading at $23.38. The stock traded higher by 2.81% or $0.64/share to $23.38. The stock recorded a trading volume of 1777892 today. This represents 2.83 times the average volume for Fortune Brands Home & Security, 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 Seagate Technology PLC (STX) had a total return adjusted 52 week high today of $31.23 per share and are currently trading at $32.17. The stock traded higher by 4.58% or $1.41/share to $32.17. The stock recorded a trading volume of 13876079 today. This represents 2.6 times the average volume for Seagate Technology PLC. 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 NiSource Inc (NI) had a total return adjusted 52 week high today of $24.76 per share and are currently trading at $25.52. The stock traded higher by 3.53% or $0.87/share to $25.52. The stock recorded a trading volume of 2933964 today. This represents 2.36 times the average volume for NiSource 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 Heartland Financial USA Inc (HTLF) had a total return adjusted 52 week high today of $18.75 per share and are currently trading at $19.33. The stock traded higher by 4.37% or $0.81/share to $19.33. The stock recorded a trading volume of 20520 today. This represents 2.64 times the average volume for Heartland Financial USA 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 Proto Labs, Inc (PRLB) had a total return adjusted 52 week high today of $37.10 per share and are currently trading at $38.42. The stock traded higher by 3.56% or $1.32/share to $38.42. The stock recorded a trading volume of 31798 today. This represents 0.68 times the average volume for Proto Labs, 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.
