Gartner Inc. (IT) traded on unusually high volume on Nov. 02, as the stock gained 0.11% to close at $142.03. On the day, Gartner Inc. saw 1.24 million shares trade hands on 13,403 trades. Considering that the stock averages only a daily volume of 825,112 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 $161.21 and $111.57 over the last 52-weeks, its 50-day SMA is now $151.18, and its 200-day SMA $134.81. Gartner Inc. has a P/B ratio of 13.99. It also has a P/E ratio of 144.8.
Gartner Inc is an information technology research and advisory company. It offers services to business leaders in high-tech and telecom enterprises and professional services firms, to supply chain professionals and technology investors.
Headquartered in Stamford, CT, Gartner Inc. has 15,131 employees and is currently under the leadership of CEO .