These ASX 200 shares just cracked new highs today

It’s been a pretty bouncy day of trading for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing the ASX 200 has gained 0.15% at just over 7,110 points.

But that doesn’t mean it’s been a boring day for all ASX 200 shares. In fact, here are two that have just hit new highs. Let’s check them out.

Two ASX 200 shares that just hit new highs

Whitehaven Coal Ltd (ASX: WHC)

First up is ASX 200 coal miner Whitehaven. Whitehaven shares have gained a healthy 4.01% at present and are sitting at $6.875 each which is the company’s new 52-week high.

It’s not an all-time record high for Whitehaven, but we have to go back to early 2011 to find the last time Whitehaven was at these kinds of levels. That makes this a new 11-year high for the ASX 200 coal miner. As you might expect, this seems to be the result of record-high coal prices.

As my Fool colleague Aaron covered last week, coal is trading at close to record highs. So it’s perhaps no wonder investors are getting excited by miners like Whitehaven right now, especially with the company’s earnings scheduled for next week (25 August).

Endeavour Group Ltd (ASX: EDV)

Bottle shop and pub operator Endeavour is another ASX 200 share having a cracking day this Wednesday. At present, Endeavour shares have risen by a robust 1.47% to $8.28 each. But today has seen this company rise as high as $8.30 which, as you might guess, is the company’s new 52-week high.

Endeavour has only been listed on the ASX in its own right since June last year. That was when the company was spun out of Woolworths Group Ltd (ASX: WOW). So this new high watermark is also a record high for Endeavour shares.

There haven’t been any obvious catalysts for this new ASX 200 record today. But Endeavour has been gaining steam all year. The company’s shares are up almost 23% over 2022 thus far, and by 4% over the past month alone. Perhaps investors are expecting big things when the company reports its full-year earnings next week (on 23 August).

The post These ASX 200 shares just cracked new highs today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 Scott Phillips.

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