Cubic Corporation (CUB) Soars 5.14%

Cubic Corporation (CUB) Soars 5.14%

Cubic Corporation (CUB) had a good day on the market for Wednesday October 16 as shares jumped 5.14% to close at $72.57. About 872,452 shares traded hands on 9,927 trades for the day, compared with an average daily volume of n/a shares out of a total float of 31.18 million. After opening the trading day at $68.81, shares of Cubic Corporation stayed within a range of $74.84 to $68.80.

With today’s gains, Cubic Corporation now has a market cap of $2.26 billion. Shares of Cubic Corporation have been trading within a range of $74.02 and $50.61 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: transportation systems, global defense services, and global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel, and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.

Cubic Corporation is based out of San Diego, CA and has some 5,600 employees. Its CEO is Bradley H. Feldmann.

Cubic Corporation is also 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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