Stocks hitting new 52 week highs on June 7 are 3D Systems Corp, Cato Corp, CoStar Group Inc, Concur Technologies, Inc, and AFC Enterprises 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 3D Systems Corp (DDD) had a total return adjusted 52 week high today of $32.72 per share and are currently trading at $31.75. The stock fell by 2.96% or $-0.97/share to $31.75. The stock recorded a trading volume of 473466 today. This represents 1.1 times the average volume for 3D Systems Corp. 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 Cato Corp (CATO) had a total return adjusted 52 week high today of $30.04 per share and are currently trading at $29.64. The stock fell by 1.30% or $-0.39/share to $29.64. The stock recorded a trading volume of 87611 today. This represents 1.34 times the average volume for Cato Corp. 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 CoStar Group Inc (CSGP) had a total return adjusted 52 week high today of $76.73 per share and are currently trading at $76.35. The stock traded higher by 0.20% or $0.15/share to $76.35. The stock recorded a trading volume of 69741 today. This represents 0.75 times the average volume for CoStar Group 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 Concur Technologies, Inc (CNQR) had a total return adjusted 52 week high today of $65.42 per share and are currently trading at $65.01. The stock fell by 0.46% or $-0.30/share to $65.01. The stock recorded a trading volume of 332993 today. This represents 1.19 times the average volume for Concur Technologies, 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 AFC Enterprises Inc (AFCE) had a total return adjusted 52 week high today of $22.21 per share and are currently trading at $22.03. The stock fell by 0.20% or $-0.04/share to $22.03. The stock recorded a trading volume of 14733 today. This represents 0.38 times the average volume for AFC Enterprises 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.
