Stocks hitting new 52 week highs on May 7 are The Madison Square Garden Company, Papa John's International Inc, Ellie Mae, Inc. Common Stock, Dillard's Inc, and US Airways Group, 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 The Madison Square Garden Company (MSG) had a total return adjusted 52 week high today of $38.38 per share and are currently trading at $38.38. The stock traded higher by 1.16% or $0.44/share to $38.38. The stock recorded a trading volume of 235933 today. This represents 1.31 times the average volume for The Madison Square Garden Company. 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 Papa John's International Inc (PZZA) had a total return adjusted 52 week high today of $49.91 per share and are currently trading at $49.38. The stock traded higher by 0.55% or $0.27/share to $49.38. The stock recorded a trading volume of 142070 today. This represents 1.77 times the average volume for Papa John's International 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 Ellie Mae, Inc. Common Stock (ELLI) had a total return adjusted 52 week high today of $15.65 per share and are currently trading at $15.42. The stock fell by 0.96% or $-0.15/share to $15.42. The stock recorded a trading volume of 277948 today. This represents 5.68 times the average volume for Ellie Mae, Inc. Common Stock. 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 Dillard's Inc (DDS) had a total return adjusted 52 week high today of $66.56 per share and are currently trading at $66.80. The stock traded higher by 1.83% or $1.20/share to $66.80. The stock recorded a trading volume of 744358 today. This represents 1.89 times the average volume for Dillard's 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 US Airways Group, Inc (LCC) had a total return adjusted 52 week high today of $10.93 per share and are currently trading at $11.02. The stock traded higher by 3.04% or $0.33/share to $11.02. The stock recorded a trading volume of 3236109 today. This represents 0.84 times the average volume for US Airways Group, 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.
