Stocks hitting new 52 week highs on May 14 are Vertex Pharmaceuticals Incorporated, Marriott Vacations Worldwide Corp, NVR Inc, Toll Brothers Inc, and Standard Pacific Corp. 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 Vertex Pharmaceuticals Incorporated (VRTX) had a total return adjusted 52 week high today of $64.50 per share and are currently trading at $64.88. The stock traded higher by 4.61% or $2.86/share to $64.88. The stock recorded a trading volume of 4418456 today. This represents 2.9 times the average volume for Vertex Pharmaceuticals Incorporated. 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 Marriott Vacations Worldwide Corp (VAC) had a total return adjusted 52 week high today of $31.84 per share and are currently trading at $32.07. The stock traded higher by 0.94% or $0.30/share to $32.07. The stock recorded a trading volume of 80740 today. This represents 0.41 times the average volume for Marriott Vacations Worldwide Corp. 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.
Shares of NVR Inc (NVR) had a total return adjusted 52 week high today of $818.03 per share and are currently trading at $819.75. The stock traded higher by 0.92% or $7.47/share to $819.75. The stock recorded a trading volume of 20623 today. This represents 1.36 times the average volume for NVR 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 Toll Brothers Inc (TOL) had a total return adjusted 52 week high today of $27.50 per share and are currently trading at $27.00. The stock fell by 0.70% or $-0.19/share to $27.00. The stock recorded a trading volume of 2594321 today. This represents 1.57 times the average volume for Toll Brothers 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 Standard Pacific Corp (SPF) had a total return adjusted 52 week high today of $5.64 per share and are currently trading at $5.51. The stock fell by 1.25% or $-0.07/share to $5.51. The stock recorded a trading volume of 1280829 today. This represents 0.78 times the average volume for Standard Pacific Corp. 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.
