Stocks hitting new 52 week highs on May 30 are SCANA Corp, Wal-Mart Stores Inc, Pinnacle West Capital Corporation, AT&T, Inc, and Duke Energy Corporation. 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 SCANA Corp (SCG) had a total return adjusted 52 week high today of $46.81 per share and are currently trading at $46.80. The stock traded higher by 0.06% or $0.03/share to $46.80. The stock recorded a trading volume of 116563 today. This represents 0.73 times the average volume for SCANA 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.
Shares of Wal-Mart Stores Inc (WMT) had a total return adjusted 52 week high today of $65.76 per share and are currently trading at $65.71. The stock traded higher by 0.04% or $0.03/share to $65.71. The stock recorded a trading volume of 3840483 today. This represents 1.29 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 Pinnacle West Capital Corporation (PNW) had a total return adjusted 52 week high today of $49.39 per share and are currently trading at $49.27. The stock fell by 0.16% or $-0.08/share to $49.27. The stock recorded a trading volume of 121951 today. This represents 0.6 times the average volume for Pinnacle West Capital 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 AT&T, Inc (T) had a total return adjusted 52 week high today of $33.98 per share and are currently trading at $33.93. The stock fell by 0.03% or $-0.01/share to $33.93. The stock recorded a trading volume of 9425456 today. This represents 1.22 times the average volume for AT&T, 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $22.03 per share and are currently trading at $22.00. The stock traded higher by 0.09% or $0.02/share to $22.00. The stock recorded a trading volume of 1757595 today. This represents 0.49 times the average volume for Duke Energy 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.
