Markel Corporation (MKL) traded on unusually high volume on Oct. 02, as the stock lost 0.34% to close at $1,177.70. On the day, Markel Corporation saw 54,865 shares trade hands on 3,569 trades. Considering that the stock averages only a daily volume of 30,288 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 $1,228.32 and $1,049.95 over the last 52-weeks, its 50-day SMA is now $1,192.28, and its 200-day SMA $1,143.72. Markel Corporation has a P/B ratio of 1.73. It also has a P/E ratio of 43.4.
Markel Corp is engaged in the business of property and casualty insurance. It focuses primarily on specialty lines, such as executive liability to commercial equine insurance. It also invests in bakery equipment manufacturing and residential homebuilding.
Headquartered in Glen Allen, VA, Markel Corporation has 15,600 employees and is currently under the leadership of CEO Richard R. Whitt / Thomas S. Gayner.