Stocks hitting new 52 week highs on May 3 are Multimedia Games Inc, Enphase Energy, Inc, Liquidity Services, Inc, Teradata Corporation, and Scripps Networks Interactive, 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 Multimedia Games Inc (MGAM) had a total return adjusted 52 week high today of $11.89 per share and are currently trading at $13.73. The stock traded higher by 16.75% or $1.97/share to $13.73. The stock recorded a trading volume of 668404 today. This represents 7.14 times the average volume for Multimedia Games 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 Enphase Energy, Inc (ENPH) had a total return adjusted 52 week high today of $8.24 per share and are currently trading at $8.73. The stock traded higher by 9.12% or $0.73/share to $8.73. The stock recorded a trading volume of 98968 today. This represents 0.84 times the average volume for Enphase Energy, 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 Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $56.41 per share and are currently trading at $60.76. The stock traded higher by 10.61% or $5.83/share to $60.76. The stock recorded a trading volume of 1165067 today. This represents 7.61 times the average volume for Liquidity Services, 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 Teradata Corporation (TDC) had a total return adjusted 52 week high today of $72.27 per share and are currently trading at $78.99. The stock traded higher by 9.42% or $6.80/share to $78.99. The stock recorded a trading volume of 2588192 today. This represents 5.13 times the average volume for Teradata Corporation. 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 Scripps Networks Interactive, Inc (SNI) had a total return adjusted 52 week high today of $51.86 per share and are currently trading at $53.94. The stock traded higher by 6.31% or $3.20/share to $53.94. The stock recorded a trading volume of 2272707 today. This represents 6.65 times the average volume for Scripps Networks Interactive, 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.
