Stocks hitting new 52 week highs on June 12 are Arena Pharmaceuticals, Inc, Skechers USA Inc, Dr Pepper Snapple Group, Inc, Lumber Liquidators Holdings, Inc, and B&G Foods 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 Arena Pharmaceuticals, Inc (ARNA) had a total return adjusted 52 week high today of $7.23 per share and are currently trading at $7.49. The stock traded higher by 5.79% or $0.41/share to $7.49. The stock recorded a trading volume of 12507913 today. This represents 3.54 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.
Shares of Skechers USA Inc (SKX) had a total return adjusted 52 week high today of $20.23 per share and are currently trading at $20.34. The stock traded higher by 2.31% or $0.46/share to $20.34. The stock recorded a trading volume of 572390 today. This represents 2.52 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 Dr Pepper Snapple Group, Inc (DPS) had a total return adjusted 52 week high today of $42.95 per share and are currently trading at $42.89. The stock traded higher by 1.04% or $0.44/share to $42.89. The stock recorded a trading volume of 1321999 today. This represents 2.59 times the average volume for Dr Pepper Snapple Group, 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 Lumber Liquidators Holdings, Inc (LL) had a total return adjusted 52 week high today of $30.71 per share and are currently trading at $30.36. The stock traded higher by 2.81% or $0.83/share to $30.36. The stock recorded a trading volume of 196854 today. This represents 1.49 times the average volume for Lumber Liquidators 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 B&G Foods Inc (BGS) had a total return adjusted 52 week high today of $25.60 per share and are currently trading at $25.28. The stock traded higher by 0.28% or $0.07/share to $25.28. The stock recorded a trading volume of 88280 today. This represents 1.05 times the average volume for B&G Foods 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.
