Dolby Laboratories (DLB) Moves Lower on Volume Spike for January 22

Equities Staff  |

Dolby Laboratories (DLB) traded on unusually high volume on Jan. 22, as the stock lost 2.45% to close at $62.98. On the day, Dolby Laboratories saw 560,650 shares trade hands on 3,157 trades. Considering that the stock averages only a daily volume of 371,583 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 $74.29 and $58.17 over the last 52-weeks, its 50-day SMA is now $65.90, and its 200-day SMA $65.61. Dolby Laboratories has a P/B ratio of 2.93. It also has a P/E ratio of 58.2.

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.

Headquartered in San Francisco, CA, Dolby Laboratories has 2,151 employees and is currently under the leadership of CEO Kevin J. Yeaman.

For a complete fundamental analysis analysis of Dolby Laboratories, check out’s Stock Valuation Analysis report for DLB.

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To get more information on Dolby Laboratories and to follow the company’s latest updates, you can visit the company’s profile page here: DLB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’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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