(24/7 MARKET NEWS) – Several of today’s notable new 52-week highs are companies that we’ve covered.
Tencent Music Entertainment Group (NYSE: TME) is at $7.89, 55 cents higher (+7.51%), near its $7.90 high of the day, on over 9 million shares traded. It’s one that we’ve covered and it has been running strong for the past six weeks. After eclipsing its January highs a few days ago, it can now set its sights on its 2021 trading levels.
Melco Resorts & Entertainment (NASDAQ: MLCO) is another one on this list that we’ve covered. Today it gapped up to hit $12.05 and is now at $11.73, up $1.33 (+12.79%), also on over 9 million shares traded, and can now challenge its 2021 levels.
Tuniu Corp (NASDAQ: TOUR) caught my attention in this morning’s premarket and it’s performing well in the regular session, at $1.99, 23 cents higher (+13.07%), closing in on 4 million shares. It’s traded as high as $2.16 today.
ADMA Biologics Inc (NASDAQ: ADMA) is another one that we’ve covered and it’s been on the upswing all year. It can now begin to set its sights on challenging its 2020 levels, after trading as high as $3.61 and is now at $3.595, up $0.1450 (+4.20%) on over 2.3 million shares. Surprisingly, this move is on the heels of yesterday’s pricing its previously announced underwritten public offering of 20,979,020 shares of its common stock at a public offering price of $2.86 per share, resulting in gross proceeds of approximately $60 million before deducting underwriting discounts and commissions and other estimated offering expenses.
Alamos Gold (NYSE: AGI) is at $9.995, up $0.045 (+0.45%), on over 1.2 million shares and has traded as high as $10.165, today. It’s been hitting new highs, dipping, forms a new base, and then hits new highs; it’s been in this pattern for the past couple of months
ADT (NYSE: ADT) is at $9.89, up $0.27 (+2.75%), on nearly 1 million shares, after hitting a high of $9. It, too, has been hitting new highs, dipping, form a new base, then hitting new highs pattern for the past couple of months
We’ve also covered Hims Hers Health (NYSE: HIMS), which is at $7.13, 13 cents higher (+1.86%), on over 460 thousand shares. After hitting a high of $7.29, today and breaking through the August resistance, it should begin challenging 2021 trading levels and inflection points.
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