Stocks hitting new 52 week highs on June 11 are Progress Energy Inc, Skechers USA Inc, Under Armour, Inc, Cray Inc, and Arena Pharmaceuticals, 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 Progress Energy Inc (PGN) had a total return adjusted 52 week high today of $58.14 per share and are currently trading at $60.05. The stock traded higher by 3.30% or $1.92/share to $60.05. The stock recorded a trading volume of 6937274 today. This represents 6.08 times the average volume for Progress Energy 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 Skechers USA Inc (SKX) had a total return adjusted 52 week high today of $19.42 per share and are currently trading at $20.01. The stock traded higher by 3.73% or $0.72/share to $20.01. The stock recorded a trading volume of 1642601 today. This represents 3.81 times the average volume for Skechers USA 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 Under Armour, Inc (UA) had a total return adjusted 52 week high today of $103.32 per share and are currently trading at $105.84. The stock traded higher by 2.45% or $2.53/share to $105.84. The stock recorded a trading volume of 1157255 today. This represents 2.73 times the average volume for Under Armour, 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 Cray Inc (CRAY) had a total return adjusted 52 week high today of $11.50 per share and are currently trading at $11.52. The stock traded higher by 0.35% or $0.04/share to $11.52. The stock recorded a trading volume of 164483 today. This represents 0.92 times the average volume for Cray 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 Arena Pharmaceuticals, Inc (ARNA) had a total return adjusted 52 week high today of $7.02 per share and are currently trading at $7.20. The stock traded higher by 8.73% or $0.58/share to $7.20. The stock recorded a trading volume of 15607407 today. This represents 2.28 times the average volume for Arena Pharmaceuticals, 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.
