Stocks hitting new 52 week highs on June 20 are UIL Holdings Corporation, NetSuite Inc, GeoResources, Inc, Texas Capital BancShares Inc, and PNM Resources, 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 UIL Holdings Corporation (UIL) had a total return adjusted 52 week high today of $35.33 per share and are currently trading at $35.66. The stock traded higher by 1.12% or $0.39/share to $35.66. The stock recorded a trading volume of 216133 today. This represents 1.52 times the average volume for UIL Holdings Corporation. 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 NetSuite Inc (N) had a total return adjusted 52 week high today of $51.78 per share and are currently trading at $51.95. The stock traded higher by 2.22% or $1.13/share to $51.95. The stock recorded a trading volume of 394621 today. This represents 2.46 times the average volume for NetSuite 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 GeoResources, Inc (GEOI) had a total return adjusted 52 week high today of $38.34 per share and are currently trading at $38.11. The stock fell by 0.52% or $-0.20/share to $38.11. The stock recorded a trading volume of 43929 today. This represents 0.32 times the average volume for GeoResources, Inc. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of Texas Capital BancShares Inc (TCBI) had a total return adjusted 52 week high today of $40.70 per share and are currently trading at $40.73. The stock traded higher by 1.82% or $0.73/share to $40.73. The stock recorded a trading volume of 360459 today. This represents 2.41 times the average volume for Texas Capital BancShares 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 PNM Resources, Inc (PNM) had a total return adjusted 52 week high today of $19.05 per share and are currently trading at $19.21. The stock traded higher by 1.27% or $0.24/share to $19.21. The stock recorded a trading volume of 204796 today. This represents 1.18 times the average volume for PNM Resources, 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.
