Stocks hitting new 52 week highs on May 22 are Wal-Mart Stores Inc, Meritage Homes Corporation, AmTrust Financial Services, Inc, West Pharmaceutical Services, Inc, and Ecolab 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 Wal-Mart Stores Inc (WMT) had a total return adjusted 52 week high today of $63.10 per share and are currently trading at $63.36. The stock traded higher by 0.51% or $0.32/share to $63.36. The stock recorded a trading volume of 2730236 today. This represents 1.14 times the average volume for Wal-Mart Stores 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 $29.73 per share and are currently trading at $29.67. The stock traded higher by 3.02% or $0.87/share to $29.67. The stock recorded a trading volume of 82921 today. This represents 0.65 times the average volume for Meritage Homes Corporation. 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 AmTrust Financial Services, Inc (AFSI) had a total return adjusted 52 week high today of $29.13 per share and are currently trading at $29.19. The stock traded higher by 0.76% or $0.22/share to $29.19. The stock recorded a trading volume of 30283 today. This represents 0.56 times the average volume for AmTrust Financial Services, 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.
Shares of West Pharmaceutical Services, Inc (WST) had a total return adjusted 52 week high today of $46.20 per share and are currently trading at $46.11. The stock traded higher by 0.26% or $0.12/share to $46.11. The stock recorded a trading volume of 38400 today. This represents 1.17 times the average volume for West Pharmaceutical Services, 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 Ecolab Inc (ECL) had a total return adjusted 52 week high today of $65.34 per share and are currently trading at $65.38. The stock traded higher by 1.58% or $1.02/share to $65.38. The stock recorded a trading volume of 407117 today. This represents 1.14 times the average volume for Ecolab 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.
