Stocks hitting new 52 week highs on July 4 are Duke Energy Corporation, Lexicon Pharmaceuticals, Inc, Theravance Inc, Nationstar Mortgage Holdings Inc, and Corporate Executive Board Co. 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $23.71 per share and are currently trading at $68.69. The stock traded higher by 195.06% or $45.41/share to $68.69. The stock recorded a trading volume of 3714035 today. This represents 0.24 times the average volume for Duke Energy Corporation. 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 Lexicon Pharmaceuticals, Inc (LXRX) had a total return adjusted 52 week high today of $2.36 per share and are currently trading at $2.48. The stock traded higher by 6.44% or $0.15/share to $2.48. The stock recorded a trading volume of 1952536 today. This represents 2.13 times the average volume for Lexicon 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 Theravance Inc (THRX) had a total return adjusted 52 week high today of $25.40 per share and are currently trading at $27.10. The stock traded higher by 9.67% or $2.39/share to $27.10. The stock recorded a trading volume of 643882 today. This represents 1.3 times the average volume for Theravance 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 Nationstar Mortgage Holdings Inc (NSM) had a total return adjusted 52 week high today of $22.58 per share and are currently trading at $23.37. The stock traded higher by 4.33% or $0.97/share to $23.37. The stock recorded a trading volume of 715878 today. This represents 1.14 times the average volume for Nationstar Mortgage Holdings 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 Corporate Executive Board Co (EXBD) had a total return adjusted 52 week high today of $45.00 per share and are currently trading at $46.11. The stock traded higher by 10.73% or $4.47/share to $46.11. The stock recorded a trading volume of 597635 today. This represents 2.31 times the average volume for Corporate Executive Board Co. 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.
