Stocks hitting new 52 week highs on May 4 are Power Integrations Inc, LeapFrog Enterprises Inc, Mohawk Industries Inc, The Madison Square Garden Company, and The Hain Celestial 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 Power Integrations Inc (POWI) had a total return adjusted 52 week high today of $39.93 per share and are currently trading at $43.54. The stock traded higher by 17.01% or $6.33/share to $43.54. The stock recorded a trading volume of 879489 today. This represents 15.37 times the average volume for Power Integrations 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 LeapFrog Enterprises Inc (LF) had a total return adjusted 52 week high today of $9.66 per share and are currently trading at $10.67. The stock traded higher by 18.82% or $1.69/share to $10.67. The stock recorded a trading volume of 2153025 today. This represents 8.94 times the average volume for LeapFrog 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 Mohawk Industries Inc (MHK) had a total return adjusted 52 week high today of $70.40 per share and are currently trading at $71.45. The stock traded higher by 4.31% or $2.95/share to $71.45. The stock recorded a trading volume of 892825 today. This represents 5.26 times the average volume for Mohawk Industries 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 The Madison Square Garden Company (MSG) had a total return adjusted 52 week high today of $36.60 per share and are currently trading at $37.51. The stock traded higher by 2.68% or $0.98/share to $37.51. The stock recorded a trading volume of 239032 today. This represents 2.27 times the average volume for The Madison Square Garden Company. 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 The Hain Celestial Group, Inc (HAIN) had a total return adjusted 52 week high today of $49.38 per share and are currently trading at $50.43. The stock traded higher by 6.59% or $3.12/share to $50.43. The stock recorded a trading volume of 641313 today. This represents 6.19 times the average volume for The Hain Celestial 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.
