Cracker Barrel Old Country Store Inc. (CBRL) Moves Higher on Volume Spike for October 10

Equities Staff  |

Cracker Barrel Old Country Store Inc. (CBRL) traded on unusually high volume on Oct. 10, as the stock gained 1.67% to close at $150.83. On the day, Cracker Barrel Old Country Store Inc. saw 694,346 shares trade hands on 5,388 trades. Considering that the stock averages only a daily volume of 434,597 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 $179.12 and $141.63 over the last 52-weeks, its 50-day SMA is now $148.73, and its 200-day SMA $157.23. Cracker Barrel Old Country Store Inc. has a P/B ratio of 6.23. It also has a P/E ratio of 14.4.

Cracker Barrel Old Country Store Inc operates full-service restaurants in the United States. It offers home-style country cooking featuring many of its own recipes for breakfast, lunch, and dinner.

Headquartered in Lebanon, TN, Cracker Barrel Old Country Store Inc. has 73,000 employees and is currently under the leadership of CEO Sandra B. Cochran.

For a complete fundamental analysis analysis of Cracker Barrel Old Country Store Inc., check out Equities.com’s Stock Valuation Analysis report for CBRL.

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To get more information on Cracker Barrel Old Country Store Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CBRL’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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