Stocks hitting new 52 week highs on June 7 are SPS Commerce, Inc, Innophos Holdings Inc, Six Flags Entertainment Corporation, Brown-Forman Corporation, and Dean Foods Company. 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 SPS Commerce, Inc (SPSC) had a total return adjusted 52 week high today of $28.11 per share and are currently trading at $27.83. The stock fell by 0.23% or $-0.06/share to $27.83. The stock recorded a trading volume of 33371 today. This represents 1.28 times the average volume for SPS Commerce, 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 Innophos Holdings Inc (IPHS) had a total return adjusted 52 week high today of $51.94 per share and are currently trading at $52.86. The stock traded higher by 3.50% or $1.79/share to $52.86. The stock recorded a trading volume of 102555 today. This represents 1.06 times the average volume for Innophos Holdings 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 Six Flags Entertainment Corporation (SIX) had a total return adjusted 52 week high today of $49.69 per share and are currently trading at $49.36. The stock fell by 0.38% or $-0.19/share to $49.36. The stock recorded a trading volume of 132601 today. This represents 0.98 times the average volume for Six Flags Entertainment Corporation. 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 Brown-Forman Corporation (BF-B) had a total return adjusted 52 week high today of $88.65 per share and are currently trading at $88.85. The stock traded higher by 0.23% or $0.20/share to $88.85. The stock recorded a trading volume of 68202 today. This represents 0.64 times the average volume for Brown-Forman 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.
Shares of Dean Foods Company (DF) had a total return adjusted 52 week high today of $15.94 per share and are currently trading at $16.10. The stock traded higher by 1.26% or $0.20/share to $16.10. The stock recorded a trading volume of 2517204 today. This represents 1.85 times the average volume for Dean Foods 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.
