Intelsat S.A. (I) traded on unusually high volume on Mar. 07, as the stock lost 0.49% to close at $18.17. On the day, Intelsat S.A. saw 5.16 million shares trade hands on 20,611 trades. Considering that the stock averages only a daily volume of 3.08 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 $37.70 and $3.55 over the last 52-weeks, its 50-day SMA is now $22.70, and its 200-day SMA $22.86. Intelsat S.A. has a P/B ratio of -0.61.
Intelsat SA is a Luxembourg-based company which operates satellite services business. It is engaged in providing diversified communications services to the media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, and a multinational corporation. In addition, it provides commercial satellite communication services to the United States government and other select military organizations and their contractors. Intelsat operates through a single segment being Providing satellite services. The company earns the majority of its revenue from North America.
Headquartered in Luxembourg, , Intelsat S.A. has 1,187 employees and is currently under the leadership of CEO Stephen Spengler.