The following stocks (NASDAQ:HDS, NASDAQ:EBAY and NASDAQ:AMCX) are close to 52-week high. For information, the 52-week high serves as an indicator for potential investors. Such stocks have high valuations as investors think they’re worth it (good news, strong fundamentals). However, this psychological barrier or resistance prevents many investors from opening positions or adding to existing positions, while encouraging others to sell some or all of their existing shares. If the 52-week high level breaks through and share volume increase, this can lead to an important outperformance of the stock.
HD Supply Holdings Inc (NASDAQ:HDS)(Trend analysis) shares traded close to their highest level in a year. The Distribution & Wholesale company’s share price is currently trading 0.39% below its 52-week-high. The 1-year stock price history is in the range of $22.18 – $35.74. HD Supply Holdings Inc is currently valued at $7.06 billion. The stock has a 50-day moving average of $34.22 and a 200-day moving average of $31.36.
There are currently seventeen analysts that cover HD Supply Holdings Inc stock. Of those seventeen, eleven have a Buy rating, six have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $36.64.
The stock closed last trading session at $35.6, up by 0.51%.
eBay Inc (NASDAQ:EBAY)(Trend analysis) shares were traded at $63.59, up by 0.19%, close to the 52-week high of $64.29, with a volume of 10,939,320 shares against an average volume for the last 3 months of 8,138,690. This represents a volume multiple of 1.34.
eBay Inc (EBAY) current short interest stands at 16.88 million shares. It has increased by 6% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 13.77 million shares, the number of days required to cover the short positions stand at 1.3 days.
A recent stock analyst activity consisted of Monness Crespi Hardt reiterating their Neutral stance on July 9. Monness Crespi Hardt increased their price target on EBAY from $63 to $70.
AMC Networks Inc (NASDAQ:AMCX)(Trend analysis) shares are also trading near the 52-week high of $86.26. The stock closed last trading session at $85.44, down by -0.62%, with a volume of 597,772 shares compared to an average volume for the last 3 months of 568,687. The year-to-date performance of the stock stands at 13.31%.
AMC Networks Inc (AMCX) current short interest stands at 2.64 million shares. It has decreased by 2% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.61 million shares, the number of days required to cover the short positions stand at 4.4 days.