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Why the NAB (ASX:NAB) share price is at a 52-week high



The National Australia Bank Ltd. (ASX: NAB) share price had a pretty flat day today. NAB shares have risen 0.03% at the time of writing to $27.24 a share. But zooming out, and the picture looks a whole lot rosier. NAB shares are now up 3.77% over the past month, 18.7% year to date, and 65% over the past 12 months. At the present levels, NAB shares are actually sitting at a new 52-week high. Well, almost. The actual 52-week high was hit yesterday when NBA topped out at $27.30. But at $27.24 today, we can safely say the company is still at its high point for the year.

At this level, NAB is essentially sitting at the same level it was back in February 2020, just before the pandemic struck. That’s a pretty remarkable turnaround if we…

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