Insperity Inc. (NSP) Moves Higher on Volume Spike for February 11

Insperity Inc. (NSP) Moves Higher on Volume Spike for February 11

Insperity Inc. (NSP) traded on unusually high volume on Feb. 11, as the stock gained 19% to close at $131.97. On the day, Insperity Inc. saw 1.07 million shares trade hands on 11,912 trades. Considering that the stock averages only a daily volume of 278,945 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 $121.15 and $58.25 over the last 52-weeks, its 50-day SMA is now $97.93, and its 200-day SMA $101.32. Insperity Inc. has a P/B ratio of 36.36. It also has a P/E ratio of 37.1.

Insperity Inc is a U.S.-based company that primarily provides a wide range of human resources and business solutions that help businesses improve their performance. Small and midsize enterprises are the company’s primary target customers. Most of the company’s products are offered through the company’s Workforce Optimization and Workforce Synchronization solutions, which comprise various human resource functions, such as payroll and employment administration, employee benefits and compensation, government compliance, performance management, training and development services, and human capital management. The company generates all of its revenue in the United States.

Headquartered in Kingwood, TX, Insperity Inc. has 2,900 employees and is currently under the leadership of CEO Paul J. Sarvadi.

error: Content is protected !!