HubSpot Inc. (HUBS) traded on unusually high volume on Jan. 18, as the stock
gained 3.7% to close at $155.27. On the day, HubSpot Inc. saw 960,876 shares trade hands on 11,720 trades.
Considering that the stock averages only a daily volume of 508,456 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 $162.20 and $85.66 over the last 52-weeks, its 50-day SMA is now $131.39, and its 200-day SMA $129.44. HubSpot Inc.
has a P/B ratio of 26.54.
Hubspot Inc. is a provider of cloud-based marketing and sales software solutions to mid-market businesses that are delivered through its centralized platform, which allows businesses to create personalized interactions with customers through emails and social media alerts. Its solutions include social media, search engine optimization, blogging, website content management, marketing automation, and data analytics capabilities. The company derives revenue from subscription fees to its solutions that are typically sold on an annual basis. A majority of the firm’s revenue is generated in the Americas, but it also has a presence in the Europe and Asia-Pacific regions.
Headquartered in Cambridge, MA, HubSpot Inc. has 2,594 employees and is currently under the leadership of CEO Brian Halligan.
For a complete fundamental analysis analysis of HubSpot Inc., check out Equities.com’s Stock Valuation Analysis report
for HUBS.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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