3 ASX 200 shares smashing 52-week highs on Tuesday

It's a good day to own these ASX 200 shares.

| More on:
three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.

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

Tuesday has shaped up to be a good day on the market, particularly for these S&P/ASX 200 Index (ASX: XJO) shares. They've surged to their highest point of the last 12 months.

Right now, the ASX 200 is 0.62% higher. That's helped it reach its own high point – the highest it's been since early January.

So, which ASX 200 shares are joining in on today's momentum to set new 12-month records? Let's take a look.

3 ASX 200 shares hitting 52-week highs on Tuesday

Endeavour Group Ltd (ASX: EDV)

The Endeavor share price surged to a new 52-week high of $7.85 in intraday trade today – a 1.15% gain – despite only silence from the company.

In fact, the Woolworths Group Ltd (ASX: WOW) spin-off and house of Dan Murphy's hasn't released news to the market since early February.

But that doesn't mean Endeavour hasn't been busy. It opened its first premium Dan Murphy's Cellar last week.

It also opened its first bar – ZERO% – selling alcohol-free drinks in Melbourne last month.

Incitec Pivot Ltd (ASX: IPL)

The Incitec Pivot share price also reached a new 52-week high of $4.17 on Tuesday, representing a 4.25% gain. That's the highest the ASX 200 share has traded since 2018.

While there's been no price sensitive news from Incitec Pivot, the company did provide a positive update on its Waggaman Ammonia Plant this morning.

Back in February, the plant was shut down after a hydrogen release was detected at the facility. Investigations later found the incident was caused by a rupture in a section of pipe, resulting in an extended shutdown for repairs.

Today, Incitec Pivot announced production at the plant has restarted and is operating at name plate capacity.

The company expects the shutdown to have an impact on its earnings before interest and tax (EBIT) of around $173 million and an impact on its net profit after tax (NPAT) of approximately $124 million.

Around 75% of that will be recognised in its earnings for the first half, set to be released next month.

While the company's working to progress a claim under its comprehensive property insurance policy, it won't include any adjustments for potential insurance recoveries in its upcoming results.

Cleanaway Waste Management Ltd (ASX: CWY)

The final ASX 200 share hitting a new 52-week high on Tuesday is Cleanaway.

The waste management company's stock surged 4.9% in intraday trade to reach a high of $3.21.

There's been no news from the company to explain its gains. However, its share price has been outperforming over the long term.

It has gained 29% over the last 12 months, outperforming the ASX 200 by 22%.

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 has no position in any of the stocks mentioned. 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 piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

12 ASX 200 shares that smashed historical peak prices today

Twelve ASX 200 shares rose to new multi-year peaks in an otherwise quiet day of trading.

Read more »

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

8 ASX 200 stocks striking multi-year highs today

These shares hit new price milestones amid a day in the green for the ASX 200.

Read more »

Five businessmen in suits walking up stairs in neat succession.
52-Week Highs

5 ASX 200 shares smashing new 52-week highs today

These five ASX 200 shares just broke into new multi-year and all-time highs. Here’s why.

Read more »

A mother and her young son are lying on the floor of their lounge sharing a tech device.
Technology Shares

Life360 shares are up more than 1,300% in 5 years. How does it compare to other apps?

Can Life360 compete with the likes of Facebook and Instagram?

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
52-Week Highs

5 ASX 200 shares hitting multi-year highs after strongly rebounding from tariff turmoil

These stocks have hit new price milestones amid a day in the green for the ASX 200.

Read more »

Woman laying with $100 notes around her, symbolising dividends.
52-Week Highs

Which ASX All Ords stock recently became a 10-bagger in 5 years?

Landing a 10-bagger is every investor's dream.

Read more »

Five happy friends enjoying a party.
52-Week Highs

5 ASX 200 shares smashing new 52-week highs today

The Trump tariff relief rally has helped send these five ASX 200 shares to new 52-week highs.

Read more »

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

3 ASX All Ords shares at new 52-week highs this Friday

These shares are proving to be a safe harbour this Friday.

Read more »