1262 days ago • Posted by Charles-Henry Monchau
While the S&P 500 hit an all-time high yesterday, a large number of index constituents are way off their 52 week highs
Looking at the best-performing stocks in the index yesterday, the list is mostly comprised of the stocks that have been extremely beaten down in the COVID economy like energy, travel, and retail/retail real estate names. Despite this, some still find themselves as some of those furthest below their 52-week highs. Take for example Carnival Cruiselines (CCL). The stock was up 35% yesterday, but is still well over 60% below its high for the year. On the other hand, there are 28 stocks that have come within 1% of their 52-week highs at their high prices yesterday. Another 80 stocks have come within 5% of their 52-week highs at their intraday highs - source: Bespoke
