Invesco Ltd (IVZ) traded on unusually high volume on Nov. 14, as the stock lost 0.71% to close at $19.71. On the day, Invesco Ltd saw 10.86 million shares trade hands on 49,840 trades. Considering that the stock averages only a daily volume of 6.97 million 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 $38.43 and $19.66 over the last 52-weeks, its 50-day SMA is now $22.05, and its 200-day SMA $26.61. Invesco Ltd has a P/B ratio of 0.9. It also has a P/E ratio of 7.3.
Invesco Ltd is an independent investment management firm. The company provides retail and institutional clients with an array of investment management capabilities. It has presence in the institutional and retail markets.
Headquartered in Atlanta, GA, Invesco Ltd has 7,410 employees and is currently under the leadership of CEO Martin L. Flanagan.