Stocks hitting new 52 week highs on May 8 are Texas Pacific Land Trust, Textainer Group Holdings Limited, TransDigm Group Incorporated, Grand Canyon Education, Inc, and Churchill Downs 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 Texas Pacific Land Trust (TPL) had a total return adjusted 52 week high today of $60.00 per share and are currently trading at $59.89. The stock fell by 0.18% or $-0.11/share to $59.89. The stock recorded a trading volume of 13167 today. This represents 1.66 times the average volume for Texas Pacific Land Trust. 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 Textainer Group Holdings Limited (TGH) had a total return adjusted 52 week high today of $35.90 per share and are currently trading at $35.96. The stock traded higher by 1.44% or $0.51/share to $35.96. The stock recorded a trading volume of 85719 today. This represents 1.14 times the average volume for Textainer Group Holdings Limited. 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 TransDigm Group Incorporated (TDG) had a total return adjusted 52 week high today of $130.09 per share and are currently trading at $126.50. The stock fell by 0.73% or $-0.93/share to $126.50. The stock recorded a trading volume of 574760 today. This represents 2.58 times the average volume for TransDigm Group 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 Grand Canyon Education, Inc (LOPE) had a total return adjusted 52 week high today of $18.60 per share and are currently trading at $17.82. The stock traded higher by 11.17% or $1.79/share to $17.82. The stock recorded a trading volume of 1924919 today. This represents 13.18 times the average volume for Grand Canyon Education, 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 Churchill Downs Inc (CHDN) had a total return adjusted 52 week high today of $60.76 per share and are currently trading at $61.62. The stock traded higher by 4.53% or $2.67/share to $61.62. The stock recorded a trading volume of 46026 today. This represents 1.66 times the average volume for Churchill Downs 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.
