AutoZone Inc. (AZO) Moves Lower on Volume Spike for September 09

Equities Staff  |

AutoZone Inc. (AZO) traded on unusually high volume on Sep. 09, as the stock lost 1.41% to close at $1,127.19. On the day, AutoZone Inc. saw 393,287 shares trade hands on 12,562 trades. Considering that the stock averages only a daily volume of 257,841 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 $1,186.60 and $705.01 over the last 52-weeks, its 50-day SMA is now $1,115.99, and its 200-day SMA $990.11. AutoZone Inc. has a P/B ratio of -17.4. It also has a P/E ratio of 19.6.

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2018, and has a growing presence in Mexico and Brazil. AutoZone had 6,202 stores in the U.S., Mexico, and Brazil as of the end of fiscal 2018.

Headquartered in Memphis, TN, AutoZone Inc. has 90,000 employees and is currently under the leadership of CEO William C. Rhodes.

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

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To get more information on AutoZone Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AZO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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