Univar Inc. (UNVR) Moves Higher on Volume Spike for January 02

Univar Inc. (UNVR) Moves Higher on Volume Spike for January 02

Univar Inc. (UNVR) traded on unusually high volume on Jan. 02, as the stock gained 0.34% to close at $17.80. On the day, Univar Inc. saw 3.07 million shares trade hands on 12,224 trades. Considering that the stock averages only a daily volume of 1.66 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 $31.84 and $16.33 over the last 52-weeks, its 50-day SMA is now $21.95, and its 200-day SMA $26.45. Univar Inc. has a P/B ratio of 2.05. It also has a P/E ratio of 12.6.

Univar Inc manufactures and sells a variety of specialty chemicals and chemical-based products. The company sells chemicals to a variety of end users including customers in the coating and adhesives, agriculture, chemical manufacturing, food ingredients, cleaning and sanitization, pharmaceuticals, personal care, and mining industries. Univar also offers a range of services that include automated tank monitoring, chemical waste management, and specialty chemical blending. The company organizes itself into four segments based on geography: United States; Canada; Europe and the Middle East and Africa; and rest of world. The majority of revenue comes from the United States.

Headquartered in Downers Grove, IL, Univar Inc. has 8,600 employees and is currently under the leadership of CEO David Jukes.

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