These stocks reach 52-week highs on Wednesday.
Unusual volume can be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst.
G & K Services (Nasdaq:GKSR) hit a new 52-week high Wednesday as it is currently trading at $37.79, above its previous 52-week high of $36.54 with 10,278 shares traded as of 9:35 a.m. ET. Average volume has been 78,400 shares over the past 30 days.
G & K Services (Nasdaq:GKSR) has been upgraded by TheStreet Ratings from a hold to buy.
©1996-2017 TheStreet, Inc. All rights reserved.
Action Alerts PLUS is a registered trademark of TheStreet, Inc.