Stocks hitting new 52 week highs on May 16 are Nationstar Mortgage Holdings Inc, Lumber Liquidators Holdings, Inc, AFC Enterprises Inc, SeaCube Container Leasing Ltd, and Ryland 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 Nationstar Mortgage Holdings Inc (NSM) had a total return adjusted 52 week high today of $16.42 per share and are currently trading at $16.37. The stock traded higher by 1.68% or $0.27/share to $16.37. The stock recorded a trading volume of 687887 today. This represents 2.53 times the average volume for Nationstar Mortgage Holdings 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 Lumber Liquidators Holdings, Inc (LL) had a total return adjusted 52 week high today of $29.49 per share and are currently trading at $29.80. The stock traded higher by 4.16% or $1.19/share to $29.80. The stock recorded a trading volume of 365921 today. This represents 1.23 times the average volume for Lumber Liquidators Holdings, 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 AFC Enterprises Inc (AFCE) had a total return adjusted 52 week high today of $17.96 per share and are currently trading at $18.20. The stock traded higher by 1.82% or $0.33/share to $18.20. The stock recorded a trading volume of 46160 today. This represents 1.48 times the average volume for AFC Enterprises 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 SeaCube Container Leasing Ltd (BOX) had a total return adjusted 52 week high today of $19.08 per share and are currently trading at $19.17. The stock traded higher by 3.12% or $0.58/share to $19.17. The stock recorded a trading volume of 52853 today. This represents 1.1 times the average volume for SeaCube Container Leasing Ltd. 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 Ryland Group Inc (RYL) had a total return adjusted 52 week high today of $23.45 per share and are currently trading at $23.29. The stock traded higher by 2.19% or $0.50/share to $23.29. The stock recorded a trading volume of 1229326 today. This represents 1.43 times the average volume for Ryland Group 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.
