8x8 Inc (EGHT) is Trading Higher on Unusual Volume for January 22

Equities Staff |

8x8 Inc (EGHT) experienced unusually high volume on Jan. 22, as the stock gained 11.11% to a closing price of $12.40. The stock saw 5.54 million shares trade hands over the course of the day on 26,727 trades. Given that the stock’s average daily volume over the last month has been 681,063 shares a day, this represents a pretty substantial spike over the norm.

8x8 Inc has a P/B ratio of 4.13. The stock has traded between $12.30 and $7.00 over the last 52-weeks, its 50-day SMA is now $11.23, and its 200-day SMA $9.37.

8x8 Inc develops and markets a comprehensive portfolio of unified communications and collaboration services. The Company is a provider of UCC services in the cloud for SMBs and mid-market and distributed enterprises.

Headquartered in San Jose, CA, 8x8 Inc has 565 employees and is currently under the leadership of CEO Vikram Verma.

For a complete fundamental analysis analysis of 8x8 Inc, check out Equities.com’s Stock Valuation Analysis report for EGHT. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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

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