Insperity Inc. (NSP) traded on unusually high volume on Nov. 16, as the stock lost 5.66% to close at $100.96. On the day, Insperity Inc. saw 7.44 million shares trade hands on 14,020 trades. Considering that the stock averages only a daily volume of 384,478 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 $121.15 and $54.43 over the last 52-weeks, its 50-day SMA is now $113.23, and its 200-day SMA $93.18. Insperity Inc. has a P/B ratio of 27.81. It also has a P/E ratio of 35.8.
Insperity Inc is engaged in providing human resources and business solutions designed to improve business performance. Its product offerings are provided through its Workforce Optimization and Workforce Synchronization solutions.
Headquartered in Kingwood, TX, Insperity Inc. has 2,900 employees and is currently under the leadership of CEO Paul J. Sarvadi.