Stocks hitting new 52 week highs on June 8 are SCBT Financial Corp, Kongzhong Corp, Cyberonics Inc, Triangle Capital Corporation, and Allegiant Travel 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 SCBT Financial Corp (SCBT) had a total return adjusted 52 week high today of $34.97 per share and are currently trading at $35.24. The stock traded higher by 1.79% or $0.62/share to $35.24. The stock recorded a trading volume of 29343 today. This represents 3.3 times the average volume for SCBT Financial 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.
Shares of Kongzhong Corp (KONG) had a total return adjusted 52 week high today of $7.74 per share and are currently trading at $7.79. The stock traded higher by 1.17% or $0.09/share to $7.79. The stock recorded a trading volume of 22869 today. This represents 1.22 times the average volume for Kongzhong 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 Cyberonics Inc (CYBX) had a total return adjusted 52 week high today of $41.79 per share and are currently trading at $41.88. The stock traded higher by 1.18% or $0.49/share to $41.88. The stock recorded a trading volume of 90621 today. This represents 1.78 times the average volume for Cyberonics 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 Triangle Capital Corporation (TCAP) had a total return adjusted 52 week high today of $21.17 per share and are currently trading at $21.23. The stock traded higher by 1.38% or $0.29/share to $21.23. The stock recorded a trading volume of 75224 today. This represents 1.67 times the average volume for Triangle Capital Corporation. 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 Allegiant Travel Company (ALGT) had a total return adjusted 52 week high today of $65.14 per share and are currently trading at $65.39. The stock traded higher by 3.25% or $2.06/share to $65.39. The stock recorded a trading volume of 66629 today. This represents 1.69 times the average volume for Allegiant Travel 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.
