Shenandoah Telecommunications Co (SHEN) traded on unusually high volume on Sep. 14, as the stock gained 0.89% to close at $34.10. On the day, Shenandoah Telecommunications Co saw 369,271 shares trade hands on 2,271 trades. Considering that the stock averages only a daily volume of 211,469 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $37.90 and $22.05 over the last 52-weeks, its 50-day SMA is now $33.25, and its 200-day SMA $30.17. Shenandoah Telecommunications Co has a P/B ratio of 5.61.
Shenandoah Telecommunications Co is a telecommunications provider. Its services include wireless, cable and wireline based communication solutions.
Headquartered in Edinburg, VA, Shenandoah Telecommunications Co has 1,236 employees and is currently under the leadership of CEO Christopher E. French.
For a complete fundamental analysis analysis of Shenandoah Telecommunications Co, check out Equities.com’s Stock Valuation Analysis report for SHEN.
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