LogMeIn Inc. (LOGM) Soars 5.01%

LogMeIn Inc. (LOGM) Soars 5.01%

LogMeIn Inc. (LOGM) had a good day on the market for Tuesday November 05 as shares jumped 5.01% to close at $70.27. About 769,765 shares traded hands on 9,735 trades for the day, compared with an average daily volume of n/a shares out of a total float of 49.4 million. After opening the trading day at $67.10, shares of LogMeIn Inc. stayed within a range of $70.35 to $67.10.

With today’s gains, LogMeIn Inc. now has a market cap of $3.47 billion. Shares of LogMeIn Inc. have been trading within a range of $96.87 and $62.02 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

LogMeIn Inc provides cloud-based collaboration and connectivity products and services in three business categories: communications and collaboration; customer engagement and support; and identity and access. Its solutions include online meeting and screen sharing, secure remote access, outsourcing customer service, and password security capabilities. The company derives revenue from subscription fees to its cloud offerings and professional services fees. It generates most of its revenue in the United States, but also has a presence in the United Kingdom and other countries.

LogMeIn Inc. is based out of Boston, MA and has some 3,763 employees. Its CEO is William R. Wagner.

LogMeIn Inc. 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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