Stocks hitting new 52 week highs on May 2 are Standard Microsystems Corp, TripAdvisor Inc, Charming Shoppes Inc, Papa John's International Inc, and American Eagle Outfitters, 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 Standard Microsystems Corp (SMSC) had a total return adjusted 52 week high today of $28.25 per share and are currently trading at $36.29. The stock traded higher by 38.30% or $10.05/share to $36.29. The stock recorded a trading volume of 12423598 today. This represents 220.89 times the average volume for Standard Microsystems 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 TripAdvisor Inc (TRIP) had a total return adjusted 52 week high today of $37.89 per share and are currently trading at $43.08. The stock traded higher by 17.93% or $6.55/share to $43.08. The stock recorded a trading volume of 4831124 today. This represents 4.91 times the average volume for TripAdvisor 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 Charming Shoppes Inc (CHRS) had a total return adjusted 52 week high today of $6.38 per share and are currently trading at $7.30. The stock traded higher by 23.64% or $1.40/share to $7.30. The stock recorded a trading volume of 87164968 today. This represents 117.71 times the average volume for Charming Shoppes 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 Papa John's International Inc (PZZA) had a total return adjusted 52 week high today of $40.82 per share and are currently trading at $46.09. The stock traded higher by 16.71% or $6.60/share to $46.09. The stock recorded a trading volume of 584147 today. This represents 9.48 times the average volume for Papa John's International 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 Eagle Outfitters, Inc (AEO) had a total return adjusted 52 week high today of $18.61 per share and are currently trading at $20.06. The stock traded higher by 12.13% or $2.17/share to $20.06. The stock recorded a trading volume of 13159313 today. This represents 5.99 times the average volume for American Eagle Outfitters, 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.
