Stocks hitting new 52 week highs on June 1 are Aspen Insurance Holdings Ltd, Coca-Cola FEMSA S.A.B de C.V, and Duke Energy Corporation. 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 Aspen Insurance Holdings Ltd (AHL) had a total return adjusted 52 week high today of $29.01 per share and are currently trading at $28.04. The stock fell by 0.78% or $-0.22/share to $28.04. The stock recorded a trading volume of 37435 today. This represents 0.52 times the average volume for Aspen Insurance Holdings Ltd. 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.
Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) had a total return adjusted 52 week high today of $116.46 per share and are currently trading at $116.25. The stock traded higher by 1.05% or $1.21/share to $116.25. The stock recorded a trading volume of 143274 today. This represents 5.89 times the average volume for Coca-Cola FEMSA S.A.B de C.V. 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $22.09 per share and are currently trading at $22.17. The stock traded higher by 0.86% or $0.19/share to $22.17. The stock recorded a trading volume of 6127105 today. This represents 2.13 times the average volume for Duke Energy 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.
