Shutterstock Inc. (SSTK) Moves Lower on Volume Spike for October 05

Shutterstock Inc. (SSTK) Moves Lower on Volume Spike for October 05

Shutterstock Inc. (SSTK) traded on unusually high volume on Oct. 05, as the stock lost 2.22% to close at $49.71. On the day, Shutterstock Inc. saw 342,495 shares trade hands on 3,037 trades. Considering that the stock averages only a daily volume of 222,942 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 $55.76 and $33.34 over the last 52-weeks, its 50-day SMA is now $51.35, and its 200-day SMA $46.39. Shutterstock Inc. has a P/B ratio of 4.84. It also has a P/E ratio of 46.2.

Shutterstock Inc operates marketplace and provides commercial digital imagery including licensed photographs, vectors, illustrations and video clips; and commercial music including music tracks and sound effects.

Headquartered in New York, NY, Shutterstock Inc. has 1,130 employees and is currently under the leadership of CEO Jonathan Oringer.

Share:
Scroll Up
error: Content is protected !!