Spire Inc. (SR) Moves Lower on Volume Spike for February 06

Spire Inc. (SR) Moves Lower on Volume Spike for February 06

Spire Inc. (SR) traded on unusually high volume on Feb. 06, as the stock lost 1.04% to close at $77.94. On the day, Spire Inc. saw 437,569 shares trade hands on 4,187 trades. Considering that the stock averages only a daily volume of 213,955 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 $81.13 and $60.09 over the last 52-weeks, its 50-day SMA is now $76.67, and its 200-day SMA $72.89. Spire Inc. has a P/B ratio of 1.75. It also has a P/E ratio of 18.

Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company’s revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.

Headquartered in St. Louis, MO, Spire Inc. has 3,366 employees and is currently under the leadership of CEO Suzanne Sitherwood.

Share:
error: Content is protected !!