8x8 Inc (EGHT) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 11.11% to $12.40, representing a gain of $1.24 per share. Some 5.54 million shares traded hands on 26,727 trades, compared with an average daily volume of 643,041 shares out of a total float of 89.29 million. The stock opened at $12.65 and traded with an intraday range of $13.65 to $11.91.
After today's gains, 8x8 Inc reached a market cap of $1.11 billion. 8x8 Inc has had a trading range between $12.30 and $7.00 over the last year, and it had a 50-day SMA of $11.23 and a 200-day SMA of $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.
8x8 Inc is based out of San Jose, CA and has some 565 employees. Its CEO is 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.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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