Globant S.A. (GLOB) Plunges 5.46%

Globant S.A. (GLOB) Plunges 5.46%

Globant S.A. (GLOB) had a rough trading day for Tuesday October 22 as shares tumbled 5.46%, or a loss of $-5.26 per share, to close at $91.13. After opening the day at $96.87, shares of Globant S.A. traded as high as $97.31 and as low as $90.22. Volume was 329,790 shares over 4,460 trades, against an average daily volume of n/a shares and a total float of 36.6 million.

As a result of the decline, Globant S.A. now has a market cap of $3.34 billion. In the last year, shares of Globant S.A. have traded between a range of $112.33 and $46.30, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Globant SA is a software technology developer based in Luxemburg. It creates platforms which are powered by native digital technology, better known as digital journeys. The digital journey incorporates various software products, mobile apps and sensors that assist its clients in knowing its end user’s behavioral pattern. The key aspects of the digital journey are stay relevant, discover and build. The stay relevant helps its clients in staying abreast of the developments in its industry and taking preemptive measures. The discover conceives digital journeys for the users based on consumer behaviors and technologies and the build creates each digital journey leveraging the work of its studios. The company’s revenue is primarily generated by its technology services in the United States.

Globant S.A. is based out of Luxembourg, and has some 9,900 employees. Its CEO is Martin Migoya.

Globant S.A. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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