Stocks hitting new 52 week highs on June 5 are Nationstar Mortgage Holdings Inc, United Natural Foods, Inc, Pharmacyclics Inc, Akorn, Inc, and Aqua America 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 Nationstar Mortgage Holdings Inc (NSM) had a total return adjusted 52 week high today of $19.56 per share and are currently trading at $19.71. The stock traded higher by 0.92% or $0.18/share to $19.71. The stock recorded a trading volume of 523947 today. This represents 3.08 times the average volume for Nationstar Mortgage Holdings 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 United Natural Foods, Inc (UNFI) had a total return adjusted 52 week high today of $51.92 per share and are currently trading at $49.06. The stock fell by 2.31% or $-1.16/share to $49.06. The stock recorded a trading volume of 557900 today. This represents 7.71 times the average volume for United Natural 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $33.24 per share and are currently trading at $33.19. The stock traded higher by 2.50% or $0.81/share to $33.19. The stock recorded a trading volume of 559894 today. This represents 3.11 times the average volume for Pharmacyclics 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $13.98 per share and are currently trading at $14.02. The stock traded higher by 1.23% or $0.17/share to $14.02. The stock recorded a trading volume of 416954 today. This represents 1.34 times the average volume for Akorn, 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 Aqua America Inc (WTR) had a total return adjusted 52 week high today of $23.56 per share and are currently trading at $23.72. The stock traded higher by 0.68% or $0.16/share to $23.72. The stock recorded a trading volume of 172752 today. This represents 1.27 times the average volume for Aqua America 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.
