Stocks hitting new 52 week highs on September 19 are Celldex Therapeutics, Inc, Onyx Pharmaceuticals, Inc, United Fire & Casualty Company, Greenhill & Co., Inc, and Vitamin Cottage Natural Food Markets, 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 Celldex Therapeutics, Inc (CLDX) had a total return adjusted 52 week high today of $6.47 per share and are currently trading at $6.36. The stock fell by 1.09% or $-0.07/share to $6.36. The stock recorded a trading volume of 444029 today. This represents 1.88 times the average volume for Celldex Therapeutics, 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 Onyx Pharmaceuticals, Inc (ONXX) had a total return adjusted 52 week high today of $84.05 per share and are currently trading at $84.97. The stock traded higher by 1.70% or $1.42/share to $84.97. The stock recorded a trading volume of 1115353 today. This represents 1.77 times the average volume for Onyx 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 United Fire & Casualty Company (UFCS) had a total return adjusted 52 week high today of $23.11 per share and are currently trading at $23.34. The stock traded higher by 2.47% or $0.56/share to $23.34. The stock recorded a trading volume of 18866 today. This represents 1.19 times the average volume for United Fire & Casualty Company. 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 Greenhill & Co., Inc (GHL) had a total return adjusted 52 week high today of $52.58 per share and are currently trading at $53.44. The stock traded higher by 1.77% or $0.93/share to $53.44. The stock recorded a trading volume of 148417 today. This represents 1.35 times the average volume for Greenhill & Co., 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 Vitamin Cottage Natural Food Markets, Inc (NGVC) had a total return adjusted 52 week high today of $22.57 per share and are currently trading at $22.79. The stock traded higher by 1.58% or $0.35/share to $22.79. The stock recorded a trading volume of 38224 today. This represents 0.37 times the average volume for Vitamin Cottage Natural Food Markets, 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.
