Stocks hitting new 52 week highs on July 2 are Lincare Holdings Inc, Cencosud S.A, Amylin Pharmaceuticals, Inc, Navidea Biopharmaceuticals, Inc, and Isis Pharmaceuticals, 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 Lincare Holdings Inc (LNCR) had a total return adjusted 52 week high today of $34.20 per share and are currently trading at $41.32. The stock traded higher by 21.46% or $7.30/share to $41.32. The stock recorded a trading volume of 58061888 today. This represents 82.46 times the average volume for Lincare Holdings 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 Cencosud S.A (CNCO) had a total return adjusted 52 week high today of $18.00 per share and are currently trading at $19.10. The stock traded higher by 6.70% or $1.20/share to $19.10. The stock recorded a trading volume of 67969 today. This represents 0.52 times the average volume for Cencosud S.A. 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 Amylin Pharmaceuticals, Inc (AMLN) had a total return adjusted 52 week high today of $28.49 per share and are currently trading at $30.70. The stock traded higher by 8.87% or $2.50/share to $30.70. The stock recorded a trading volume of 75406664 today. This represents 49.6 times the average volume for Amylin 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 Navidea Biopharmaceuticals, Inc (NAVB) had a total return adjusted 52 week high today of $3.79 per share and are currently trading at $3.92. The stock traded higher by 5.38% or $0.20/share to $3.92. The stock recorded a trading volume of 914063 today. This represents 4.5 times the average volume for Navidea Biopharmaceuticals, 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 Isis Pharmaceuticals, Inc (ISIS) had a total return adjusted 52 week high today of $12.00 per share and are currently trading at $12.39. The stock traded higher by 3.25% or $0.39/share to $12.39. The stock recorded a trading volume of 537505 today. This represents 1.84 times the average volume for Isis 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.
