Kirkland’s Inc. (KIRK) Moves Higher on Volume Spike for September 10

Kirkland’s Inc. (KIRK) Moves Higher on Volume Spike for September 10

Kirkland’s Inc. (KIRK) traded on unusually high volume on Sep. 10, as the stock gained 2.25% to close at $9.56. On the day, Kirkland’s Inc. saw 308,637 shares trade hands on 2,538 trades. Considering that the stock averages only a daily volume of 193,859 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 $13.48 and $8.55 over the last 52-weeks, its 50-day SMA is now $11.23, and its 200-day SMA $11.17. Kirkland’s Inc. has a P/B ratio of 1.09. It also has a P/E ratio of 55.

Kirkland’s Inc is a retailer of home decor and gifts. Its stores present a selection of distinctive merchandise, including framed art, mirrors, wall decor, candles & related items, lamps, decorative accessories, accent furniture, textiles & among others.

Headquartered in Brentwood, TN, Kirkland’s Inc. has 7,500 employees and is currently under the leadership of CEO Mike Cairnes.

Share:
Scroll Up
error: Content is protected !!