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

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Materials Shares

Why is this ASX lithium stock jumping to a 52-week high today?

This lithium stock is smashing the market this year despite all the doom and gloom in the industry.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
52-Week Highs

3 ASX 200 shares smashing new 52-week highs on a red-market day

These lucky shares are defying the market today.

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
Share Market News

Here's why Morgan Stanley says the record-high ASX 200 has more room to run

The top broker also thinks investors should prepare for a rotation out of ASX bank stocks in 2025.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
52-Week Highs

Why is this ASX stock jumping 10% to a decade-high today?

What is getting investors excited today? Let's find out.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

12 non-bank ASX 200 shares smashing new 52-week highs today

Do you own any of these stocks at 52-week highs today?

Read more »

A cloud with a blue arrow pointing upwards through its middle symbolising a rising asx share price
52-Week Highs

7 ASX 200 shares smashing new highs on Tuesday

Here's why these companies are hitting new 52-week highs on Tuesday.

Read more »

Hands reaching high for a trophy with a sunset in the background.
52-Week Highs

6 ASX 200 shares smashing new highs while the market dives today

Do you own any of these lucky ASX 200 stocks?

Read more »

A woman wearing a top of gold coins and large gold hoop earrings and a heavy gold bracelet stands amid a shower of gold coins with her mouth open wide and an excited look on her face.
Gold

14 ASX gold stocks unearthing fresh 52-week highs today

Do you own any of these hot gold miners?

Read more »