Humana Inc. (HUM) traded on unusually high volume on Nov. 15, as the stock lost 0.75% to close at $318.01. On the day, Humana Inc. saw 1.1 million shares trade hands on 15,902 trades. Considering that the stock averages only a daily volume of 693,734 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 $355.88 and $231.90 over the last 52-weeks, its 50-day SMA is now $330.65, and its 200-day SMA $303.36. Humana Inc. has a P/B ratio of 4.12. It also has a P/E ratio of 30.9.
Humana Inc is a health care company that offers insurance products and health and wellness services. Its segments include Retail, Employer Group and Healthcare Services.
Headquartered in Louisville, KY, Humana Inc. has 45,900 employees and is currently under the leadership of CEO Bruce D. Broussard.