Stocks hitting new 52 week highs on August 22 are Fifth Third Bancorp, CGI Group, Inc, Skechers USA Inc, eBay Inc, and Pharmacyclics 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 Fifth Third Bancorp (FITB) had a total return adjusted 52 week high today of $14.60 per share and are currently trading at $14.78. The stock traded higher by 2.71% or $0.39/share to $14.78. The stock recorded a trading volume of 16099157 today. This represents 2.1 times the average volume for Fifth Third Bancorp. 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 CGI Group, Inc (GIB) had a total return adjusted 52 week high today of $25.53 per share and are currently trading at $26.00. The stock traded higher by 2.60% or $0.66/share to $26.00. The stock recorded a trading volume of 182697 today. This represents 1.46 times the average volume for CGI Group, 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 Skechers USA Inc (SKX) had a total return adjusted 52 week high today of $21.70 per share and are currently trading at $21.72. The stock traded higher by 1.54% or $0.33/share to $21.72. The stock recorded a trading volume of 1073062 today. This represents 1.6 times the average volume for Skechers USA 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 eBay Inc (EBAY) had a total return adjusted 52 week high today of $47.07 per share and are currently trading at $47.15. The stock traded higher by 2.84% or $1.30/share to $47.15. The stock recorded a trading volume of 13877605 today. This represents 1.44 times the average volume for eBay 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $63.18 per share and are currently trading at $64.10. The stock traded higher by 3.47% or $2.15/share to $64.10. The stock recorded a trading volume of 569572 today. This represents 0.6 times the average volume for Pharmacyclics 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.
