A number of companies trading on the NYSE managed to set new all-time highs on Monday including Chevron Corp. (CVX), Caterpillar (CAT), Lorillard Inc (LO), HCP, Inc. (HCP), and SM Energy Company (SM).
Chevron Corp. (CVX) jumped to a new all-time high on Monday as shares hit 105.20 during trading and they closed very near that mark at 105.19, a 2.32% increase from the day’s opening. The company, which engages in petroleum, chemicals, mining, power generation, and energy operations worldwide, is currently ahead of their 50-day moving average of 97.48 as well as their 200-day moving average of 83.31.
Caterpillar (CAT) continues to prove it has fully rebounded from the disaster it experienced in 2009 as shares climbed to a new all-time high of 107.68 on Monday and closed slightly lower at 107.58 on above average trading volume. The company, which manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide, is currently ahead of their 50-day moving average of 93.17 and their 200-day moving average of 81.09.
Lorillard Inc (LO) saw shares reach a new all-time high of 90.10 on Monday following news that the FDA would not be looking to ban menthol cigarettes. Shares closed at 89.15 on Monday, a 2.34% spike from their opening price and trading volume stood at more than 4.2 million, nearly 2x its average. The company, which engages in the manufacture and sale of cigarettes in the United States, is comfortably ahead of its 50-day moving average of 76.63 as well as its 200-day moving average of 76.89.
HCP, Inc. (HCP) hit a new all-time high of 38.29 during Monday’s trading day, a day in which it was announced company CFO Thomas Herzog has resigned from his position. Shares eventually closed at 37.60, a 0.66% dip from the opening bell but the company, which acts as an independent hybrid real estate investment trust that invests in real estate markets of the United States, remains ahead of their 50-day moving average of 36.68 and their 200-day moving average of 34.64.
SM Energy Company (SM) climbed to a new all-time high of 74.84 on Monday and eventually closed at 73.19, a 1.29% improvement over their opening. The company, which acts as an independent oil and gas company engaging in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in North America, is currently trading above