AutoZone Inc. (AZO) Moves Lower on Volume Spike for February 28

Equities Staff  |

AutoZone Inc. (AZO) traded on unusually high volume on Feb. 28, as the stock lost 0.58% to close at $736.55. On the day, AutoZone Inc. saw 603,181 shares trade hands on 9,650 trades. Considering that the stock averages only a daily volume of 395,536 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 $819.54 and $713.09 over the last 52-weeks, its 50-day SMA is now $762.23, and its 200-day SMA $767.56. AutoZone Inc. has a P/B ratio of -11.12. It also has a P/E ratio of 17.5.

AutoZone Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company's store carry an extensive product line for cars, sport utility vehicles, vans and light trucks.

Headquartered in Memphis, TN, AutoZone Inc. has 84,000 employees and is currently under the leadership of CEO William C. Rhodes.

For a complete fundamental analysis analysis of AutoZone Inc., check out’s Stock Valuation Analysis report for AZO.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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