BankUnited Inc. (BKU) Moves Lower on Volume Spike for August 29

BankUnited Inc. (BKU) Moves Lower on Volume Spike for August 29

BankUnited Inc. (BKU) traded on unusually high volume on Aug. 29, as the stock lost 3.15% to close at $38.68. On the day, BankUnited Inc. saw 2.98 million shares trade hands on 21,523 trades. Considering that the stock averages only a daily volume of 740,348 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 $44.97 and $30.37 over the last 52-weeks, its 50-day SMA is now $40.80, and its 200-day SMA $40.18. BankUnited Inc. has a P/B ratio of 1.32. It also has a P/E ratio of 6.7.

BankUnited Inc functions in the financial sector of the United States. As a commercial banking service provider, it caters to corporate and retail clients through lending and deposit products.

Headquartered in Miami Lakes, FL, BankUnited Inc. has 1,763 employees and is currently under the leadership of CEO Rajinder Singh.

For a complete fundamental analysis analysis of BankUnited Inc., check out Equities.com’s Stock Valuation Analysis report for BKU.

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