Exponent Inc. (EXPO) Moves Higher on Volume Spike for October 19

Exponent Inc. (EXPO) Moves Higher on Volume Spike for October 19

Exponent Inc. (EXPO) traded on unusually high volume on Oct. 19, as the stock gained 3.17% to close at $48.82. On the day, Exponent Inc. saw 422,358 shares trade hands on 4,381 trades. Considering that the stock averages only a daily volume of 190,584 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 $54.58 and $34.80 over the last 52-weeks, its 50-day SMA is now $51.55, and its 200-day SMA $45.27. Exponent Inc. has a P/B ratio of 7.96. It also has a P/E ratio of 51.7.

Exponent Inc is a science and engineering consulting firm. It provides the solution to the problems of automotive, aviation, chemical, construction, consumer products, government, and health industry.

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