Stocks hitting new 52 week highs on May 24 are Hawaiian Electric Industries Inc, athenahealth, Inc, Meritage Homes Corporation, Pilgrim's Corp, and IHS 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 Hawaiian Electric Industries Inc (HE) had a total return adjusted 52 week high today of $26.81 per share and are currently trading at $27.08. The stock traded higher by 1.31% or $0.35/share to $27.08. The stock recorded a trading volume of 271370 today. This represents 2.06 times the average volume for Hawaiian Electric 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.
Shares of athenahealth, Inc (ATHN) had a total return adjusted 52 week high today of $78.24 per share and are currently trading at $78.58. The stock traded higher by 2.07% or $1.59/share to $78.58. The stock recorded a trading volume of 127067 today. This represents 0.9 times the average volume for athenahealth, 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 Meritage Homes Corporation (MTH) had a total return adjusted 52 week high today of $30.00 per share and are currently trading at $29.96. The stock traded higher by 0.27% or $0.08/share to $29.96. The stock recorded a trading volume of 124924 today. This represents 0.7 times the average volume for Meritage Homes Corporation. 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 Pilgrim's Corp (PPC) had a total return adjusted 52 week high today of $8.15 per share and are currently trading at $7.96. The stock traded higher by 2.43% or $0.19/share to $7.96. The stock recorded a trading volume of 493893 today. This represents 1.66 times the average volume for Pilgrim's Corp. 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 IHS Inc (IHS) had a total return adjusted 52 week high today of $102.09 per share and are currently trading at $102.96. The stock traded higher by 1.14% or $1.16/share to $102.96. The stock recorded a trading volume of 170689 today. This represents 1.88 times the average volume for IHS 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.
