52-Week Highs: Associated Estates (AEC), Advaxis (ADXS), AVEO (AVEO), China Jo-Jo Drugstores (CJJD), Akamai (AKAM)

Shares of Associated Estates Realty Corporation (AEC) hit a new 52-week high on Wednesday, printing the tape at $28.54. That’s a 71.62% rise, or $11.91 per share from the 52-week low of $16.63 set in May 22, 2014.

The stock closed at $24.48 at the end of Tuesday’s trading session, printing a one-year return of about 52% and year-to-date return of around 6.40%.

AEC is trading at unusually high volume Wednesday with 12.12 million shares changing hands. It is currently at more than 3x its average daily volume and trading up 16.38% at $28.49 as of 3:01 PM ET. The average volume of shares traded over the last three months was roughly 527K.

The chart below shows where AEC has traded over the past year.

Shares of Advaxis, Inc. (ADXS) soared more than 9% to hit a new 52-week high of $24.08 on Wednesday on higher-than-average volume. More than 2.22 million shares of the stock have already changed hands, well above the average of 1.70 million for a full session over the past 3 months.

The move is likely related to the data of one clinical and two preclinical studies highlighting the survival outcomes and anti-tumor effects of Advaxis’ proprietary Lm-LLO cancer immunotherapy technology at the American Association for Cancer Research (AACR) Annual Meeting 2015, held April 18 — 22 in Philadelphia, Pennsylvania.

Stock reaction: ADXS shares have performed well over the last year, rising 730.08%. The company’s stock is up nearly 875% from the 52-week-low of $2.47 it reached on April 28, 2014.

AVEO Pharmaceuticals, Inc. (AVEO) climbed more than 13% to a 52-week high of $2.17 on Wednesday. The move comes on a big volume too with the issue currently trading more than 4.2 million shares, compared to the average volume of 1.06 million shares.

Shares of AVEO rose 8.28% to $2.08 in afternoon trading. The 52-week range for the stock is now $0.61 to $2.17. Shares of the 107.72 million market cap company have risen 44.36% year-over-year and 128.57% year-to-date.

The chart below shows where AVEO has traded over the past 12 months.

China Jo-Jo Drugstores, Inc. (CJJD) shares hit one-year high of $4.00 in today’s trading session. The stock has risen 69.57% this year and is continuing its upward trend.

More than 684K shares have changed hands, which dwarfs the average volume of 142K shares a day. At current price next resistance is at $4.11. Support is at $3.31.

Akamai Technologies, Inc. (AKAM) shares touched a new 52-week high of $76.12. AKAM shares have jumped 38.37% over the past 52 weeks, while the S&P 500 index has gained 11.58% in the same period.

The Cambridge Massachusetts-based firm has a market cap of 13.58 billion.

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