Exponent Inc. (EXPO) traded on unusually high volume on Oct. 19, as the stock gained 3.17% to close at $48.82. On the day, Exponent Inc. saw 422,358 shares trade hands on 4,381 trades. Considering that the stock averages only a daily volume of 190,584 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 $54.58 and $34.80 over the last 52-weeks, its 50-day SMA is now $51.55, and its 200-day SMA $45.27. Exponent Inc. has a P/B ratio of 7.96. It also has a P/E ratio of 51.7.
Exponent Inc is a science and engineering consulting firm. It provides the solution to the problems of automotive, aviation, chemical, construction, consumer products, government, and health industry.