Stocks hitting new 52 week highs on June 8 are Duke Energy Corporation, Scripps Networks Interactive, Inc, B&G Foods Inc, The Sherwin-Williams Company, and Capstead Mortgage Corp. 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $22.91 per share and are currently trading at $23.05. The stock traded higher by 0.70% or $0.16/share to $23.05. The stock recorded a trading volume of 4352787 today. This represents 1.34 times the average volume for Duke Energy 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 Scripps Networks Interactive, Inc (SNI) had a total return adjusted 52 week high today of $55.91 per share and are currently trading at $56.22. The stock traded higher by 1.90% or $1.05/share to $56.22. The stock recorded a trading volume of 249974 today. This represents 0.91 times the average volume for Scripps Networks Interactive, 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 B&G Foods Inc (BGS) had a total return adjusted 52 week high today of $25.07 per share and are currently trading at $25.07. The stock traded higher by 0.48% or $0.12/share to $25.07. The stock recorded a trading volume of 126700 today. This represents 1.45 times the average volume for B&G Foods 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 The Sherwin-Williams Company (SHW) had a total return adjusted 52 week high today of $131.44 per share and are currently trading at $132.18. The stock traded higher by 1.62% or $2.11/share to $132.18. The stock recorded a trading volume of 303112 today. This represents 0.92 times the average volume for The Sherwin-Williams Company. 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 Capstead Mortgage Corp (CMO) had a total return adjusted 52 week high today of $13.98 per share and are currently trading at $14.04. The stock traded higher by 1.52% or $0.21/share to $14.04. The stock recorded a trading volume of 288066 today. This represents 1.44 times the average volume for Capstead Mortgage Corp. 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.
