Stocks Trading to 52 Week Highs: Agnico Eagle Mines (AEM), Kellogg (K), National Retail Properties (NNN), Realty Income (O)

Shares of Agnico Eagle Mines Limited (AEM) hit a new 52-week high on Thursday, printing the tape at $36.53. That’s a 73.95% rise, or $15.53 per share, from the 52-week low of $21.00 set in August 6, 2015.

The stock closed at $33.30 at the end of Wednesday’s trading session, printing a one-year return of 7.14% and year-to-date return of 26.71%.

AEM is trading at unusually high volume Thursday with 4.48 million shares changing hands. It is currently at more than 2x its average daily volume and trading up 8.79% at $36.14 as of 2:06 p.m. ET.

Shares of Kellogg Company (K) jumped 5.17% to hit a new 52-week high of $74.52 on Thursday on higher-than-average volume. More than 3.53 million shares of the stock have changed hands, well above the average of 1.92 million for a full session over the past month.

The move is likely related to company’s quarterly earnings that topped Wall Street’s expectations on Wednesday. Kellogg handed in earnings of $0.79 per share on revenue of $3.14 billion, beating Wall Street estimates of $0.74 per share on revenue of $3.14 billion.

Stock reaction: K shares have performed well over the last year, rising 10.12%. The company’s stock is up nearly 22% from the 52-week-low of $61.13 it reached on June 8, 2015.

National Retail Properties, Inc. (NNN) climbed more than 4 percent to a 52-week high of $46.14 on Thursday. The move comes on a good volume too with the issue currently trading more than 1.1 million shares, compared to the average volume of 1.59 million shares.

The surge came after the real estate investment trust posted 4Q15 earnings that matched expectations. The firm handed in earnings of $126.4 million, or $0.57 per share. Analysts had been modeling $124.63 million and $0.57 per share. Funds from operations came in at $78 million in the period.

Shares of National Retail Properties rose 2.74% to $45.39 in afternoon trading. The 52-week range for the stock is now $33.62 to $46.14. Shares of the 6.18 billion market cap REIT have risen 13.63% yoy and 11.45% year-to-date.

Realty Income Corporation (O) shares hit one-year high of $60.00 in today’s trading session. The stock has risen 16% this year and is continuing its upward trend.

More than 4.04 million shares have changed hands, which dwarfs the average volume of 2.46 million.

Realty Income Corporation is a publicly traded real estate investment trust. The REIT was was founded in 1969 and is based in Escondido, California.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.