Stocks hitting new 52 week highs on July 4 are Western Refining Inc, Textainer Group Holdings Limited, Cray Inc, Nacco Industries Inc, and Fiesta Restaurant Group, 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 Western Refining Inc (WNR) had a total return adjusted 52 week high today of $23.03 per share and are currently trading at $23.92. The stock traded higher by 4.05% or $0.93/share to $23.92. The stock recorded a trading volume of 2204963 today. This represents 0.99 times the average volume for Western Refining 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 Textainer Group Holdings Limited (TGH) had a total return adjusted 52 week high today of $37.58 per share and are currently trading at $39.00. The stock traded higher by 3.86% or $1.45/share to $39.00. The stock recorded a trading volume of 94629 today. This represents 0.66 times the average volume for Textainer Group Holdings Limited. 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 Cray Inc (CRAY) had a total return adjusted 52 week high today of $12.47 per share and are currently trading at $12.75. The stock traded higher by 2.25% or $0.28/share to $12.75. The stock recorded a trading volume of 268139 today. This represents 0.62 times the average volume for Cray 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 Nacco Industries Inc (NC) had a total return adjusted 52 week high today of $119.31 per share and are currently trading at $123.57. The stock traded higher by 4.77% or $5.63/share to $123.57. The stock recorded a trading volume of 18342 today. This represents 0.7 times the average volume for Nacco Industries 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 Fiesta Restaurant Group, Inc (FRGI) had a total return adjusted 52 week high today of $13.41 per share and are currently trading at $13.87. The stock traded higher by 5.40% or $0.71/share to $13.87. The stock recorded a trading volume of 163609 today. This represents 0.93 times the average volume for Fiesta Restaurant Group, 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.
