Stocks hitting new 52 week highs on June 11 are Akorn, Inc, Texas Capital BancShares Inc, Scripps Networks Interactive, Inc, TW Telecom Inc, 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $14.62 per share and are currently trading at $14.42. The stock fell by 0.41% or $-0.06/share to $14.42. The stock recorded a trading volume of 769914 today. This represents 1.59 times the average volume for Akorn, 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 Texas Capital BancShares Inc (TCBI) had a total return adjusted 52 week high today of $39.31 per share and are currently trading at $38.84. The stock traded higher by 0.13% or $0.05/share to $38.84. The stock recorded a trading volume of 315197 today. This represents 1.93 times the average volume for Texas Capital BancShares 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 Scripps Networks Interactive, Inc (SNI) had a total return adjusted 52 week high today of $56.62 per share and are currently trading at $56.89. The stock traded higher by 0.83% or $0.47/share to $56.89. The stock recorded a trading volume of 556379 today. This represents 1.07 times the average volume for Scripps Networks Interactive, 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 TW Telecom Inc (TWTC) had a total return adjusted 52 week high today of $24.47 per share and are currently trading at $24.30. The stock fell by 0.41% or $-0.10/share to $24.30. The stock recorded a trading volume of 423813 today. This represents 0.86 times the average volume for TW Telecom 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 Allegiant Travel Company (ALGT) had a total return adjusted 52 week high today of $66.16 per share and are currently trading at $65.81. The stock traded higher by 0.17% or $0.11/share to $65.81. The stock recorded a trading volume of 59994 today. This represents 0.8 times the average volume for Allegiant Travel Company. 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.
