Stocks hitting new 52 week highs on June 7 are Pharmacyclics Inc, LivePerson Inc, Cyberonics Inc, Ellie Mae, Inc. Common Stock, and NetEase.com, 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $35.20 per share and are currently trading at $37.83. The stock traded higher by 8.80% or $3.06/share to $37.83. The stock recorded a trading volume of 989465 today. This represents 3.27 times the average volume for Pharmacyclics 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 LivePerson Inc (LPSN) had a total return adjusted 52 week high today of $17.84 per share and are currently trading at $18.05. The stock traded higher by 1.40% or $0.25/share to $18.05. The stock recorded a trading volume of 307929 today. This represents 2.04 times the average volume for LivePerson 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 Cyberonics Inc (CYBX) had a total return adjusted 52 week high today of $40.29 per share and are currently trading at $41.47. The stock traded higher by 4.81% or $1.90/share to $41.47. The stock recorded a trading volume of 207517 today. This represents 2.32 times the average volume for Cyberonics 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 $16.87 per share and are currently trading at $17.15. The stock traded higher by 3.00% or $0.50/share to $17.15. The stock recorded a trading volume of 159931 today. This represents 2.3 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 NetEase.com, Inc (NTES) had a total return adjusted 52 week high today of $63.72 per share and are currently trading at $63.73. The stock traded higher by 1.03% or $0.65/share to $63.73. The stock recorded a trading volume of 342395 today. This represents 1.03 times the average volume for NetEase.com, 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.
