Stocks hitting new 52 week highs on June 20 are Choice Hotels International Inc, CUI Global, Inc, Ignite Restaurant Group, Inc, Pharmacyclics Inc, and WageWorks, 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 Choice Hotels International Inc (CHH) had a total return adjusted 52 week high today of $39.08 per share and are currently trading at $41.22. The stock traded higher by 7.79% or $2.98/share to $41.22. The stock recorded a trading volume of 631844 today. This represents 11.75 times the average volume for Choice Hotels International 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 CUI Global, Inc (CUI) had a total return adjusted 52 week high today of $5.20 per share and are currently trading at $5.25. The stock traded higher by 2.14% or $0.11/share to $5.25. The stock recorded a trading volume of 37950 today. This represents 4.96 times the average volume for CUI Global, 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 Ignite Restaurant Group, Inc (IRG) had a total return adjusted 52 week high today of $19.23 per share and are currently trading at $18.88. The stock traded higher by 0.27% or $0.05/share to $18.88. The stock recorded a trading volume of 30510 today. This represents 0.23 times the average volume for Ignite Restaurant Group, Inc. 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $43.33 per share and are currently trading at $44.37. The stock traded higher by 3.96% or $1.69/share to $44.37. The stock recorded a trading volume of 630194 today. This represents 1.98 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 WageWorks, Inc (WAGE) had a total return adjusted 52 week high today of $14.84 per share and are currently trading at $14.87. The stock traded higher by 0.34% or $0.05/share to $14.87. The stock recorded a trading volume of 26017 today. This represents 0.67 times the average volume for WageWorks, Inc. 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.
