Linear Technology Corporation (LLTC) Moves Lower on Volume Spike for December 16

Equities Staff  |

Linear Technology Corporation (LLTC) traded on unusually high volume on Dec. 16, as the stock lost 0.62% to close at $62.12. On the day, Linear Technology Corporation saw 3.76 million shares trade hands on 14,506 trades. Considering that the stock averages only a daily volume of 2.12 million 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 $64.42 and $37.33 over the last 52-weeks, its 50-day SMA is now $60.58, and its 200-day SMA $52.58. Linear Technology Corporation has a P/B ratio of 8.26. It also has a P/E ratio of 30.8.

Linear Technology Corp is engaged in designing, manufacturing and marketing line of high performance analog integrated circuits for companies in diversified industries.

Headquartered in Milpitas, CA, Linear Technology Corporation has 4,923 employees and is currently under the leadership of CEO Lothar Maier.

For a complete fundamental analysis analysis of Linear Technology Corporation, check out Equities.com’s Stock Valuation Analysis report for LLTC.

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To get more information on Linear Technology Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: LLTC’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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