3 ASX 200 shares hopping to new 52-week highs today

What has caused these three stocks to bounce to new 12-month highs?

| More on:
three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is lifting on Thursday, boosting these shares to new 52-week highs.

Right now, the index is up 0.64%, trading at around its highest point since January.

And three of its constituents are using the day’s strong trade to surpass their own prior performance ­– trading at their highest point in at least a year.

So, which ASX 200 shares are reaching new 12-month highs on Thursday? Let’s take a look.

3 ASX 200 shares bouncing to new 52-week highs

Allkem Ltd (ASX: AKE)

The Allkem share price launched 7% to a new 52-week (and all-time) high of $14.27 on Thursday morning.

The lithium miner’s gains followed the release of an update on the company’s performance over the March quarter.

Allkem’s revenue for the three months ended 31 March reached US$235 million, boosted by an average lithium price of US$2,178 per dry metric tonne.

Despite its surge in early Thursday trade, the Allkem share price has since settled to trade at $13.47, 1.58% higher than its previous close.

APA Group (ASX: APA)

Another ASX 200 share hitting a new 52-week high on Thursday is none other than APA Group.

The energy infrastructure company’s stock leapt 2.5% this morning, reaching a new 52-week high of $11.09. That’s the highest the company’s stock has traded since 2020.

There’s no obvious reason behind its gains on Thursday. However, it’s been a good day for many of its peers on the S&P/ASX 200 Industrials Index (ASX: XNJ). The sector is currently up 0.97%.

Endeavour Group Ltd (ASX: EDV)

The third ASX 200 share hitting a new 52-week high on Thursday is Endeavour.

The drinks and hospitality company’s stock rose 1.1% to trade at $7.81 today. That’s the highest its ever reached, after splitting from Woolworths Group Ltd (ASX: WOW) last year.

There hasn’t been any price-sensitive news released by the company since February.

However, it did open its first premium Dan Murphy’s Cellar store yesterday. The store houses wine with price tags of up to $160,000 a bottle.

The company also opened its first bar ­– ZERO% – in Melbourne late last month. If the name didn’t give it away, the bar serves non-alcoholic beverages only, with a range of more than 30 drinks available.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on 52-Week Highs

Two men shaking hands on a merger.
Mergers & Acquisitions

HRL share price jumps 10% as board backs takeover from ALS

HRL has accepted ALS' takeover offer...

Read more »

A young man wearing glasses and a denim shirt sits at his desk and raises his fists and screams with delight as he watches the ResApp share price go 50% higher today
Mergers & Acquisitions

Here’s why the ResApp share price is rocketing 50% today

ResApp shares are breaking out today following an improved acquisition offer from Pfizer Australia.

Read more »

A boy leaps and flaps his arms as he tries to fly with some birds on the shoreline of the beach.
52-Week Highs

What’s driving the Beach Energy share price to a new 52-week high today?

The ASX 200 energy share defied the index's sell-off on Thursday.

Read more »

Arrows pointing upwards with a man pointing his finger at one.
52-Week Highs

3 ASX 200 shares rocking new 52-week highs on Thursday

These ASX 200 stocks are shaking off the index's suffering to post new 12-month highs today.

Read more »

A graphic image of three upward pointing arrows with smoke coming from their bottoms, indicating the arrows are taking off just like the Althea share price today
52-Week Highs

3 ASX 200 shares cracking new 52-week highs on Wednesday

Investors continue to wind up industrials and miners this year-to-date.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Mergers & Acquisitions

Atlas Arteria share price leaps 16% amid takeover speculation

A major infrastructure fund appears to be eyeing off Atlas Arteria.

Read more »

Three businesspeople leap high with the CBD in the background.
52-Week Highs

3 ASX 200 energy shares cracking new 52-week highs on Monday

Energy shares continue to rally in 2022.

Read more »

Happy man standing in front of an oil rig.
52-Week Highs

3 ASX 200 energy shares smashing multi-year highs on Friday

Why are ASX 200 energy shares on fire today?

Read more »