Stocks hitting new 52 week highs on June 20 are Allegiant Travel Company, Santarus, Inc, Akorn, Inc, Grand Canyon Education, Inc, and CoreSite Realty Corporation. 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 Allegiant Travel Company (ALGT) had a total return adjusted 52 week high today of $68.83 per share and are currently trading at $69.93. The stock traded higher by 1.79% or $1.23/share to $69.93. The stock recorded a trading volume of 92897 today. This represents 1.43 times the average volume for Allegiant Travel 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 Santarus, Inc (SNTS) had a total return adjusted 52 week high today of $7.26 per share and are currently trading at $7.33. The stock traded higher by 0.96% or $0.07/share to $7.33. The stock recorded a trading volume of 174958 today. This represents 0.87 times the average volume for Santarus, 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $15.13 per share and are currently trading at $15.09. The stock traded higher by 0.20% or $0.03/share to $15.09. The stock recorded a trading volume of 600566 today. This represents 1.44 times the average volume for Akorn, 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 Grand Canyon Education, Inc (LOPE) had a total return adjusted 52 week high today of $19.03 per share and are currently trading at $19.03. The stock traded higher by 0.95% or $0.18/share to $19.03. The stock recorded a trading volume of 150480 today. This represents 1.15 times the average volume for Grand Canyon Education, 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 CoreSite Realty Corporation (COR) had a total return adjusted 52 week high today of $25.75 per share and are currently trading at $25.25. The stock fell by 1.17% or $-0.30/share to $25.25. The stock recorded a trading volume of 29923 today. This represents 0.53 times the average volume for CoreSite Realty Corporation. 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.
