ACNB Corporation (ACNB) Moves Higher on Volume Spike for March 16

Equities Staff  |

ACNB Corporation (ACNB) traded on unusually high volume on Mar. 16, as the stock gained 1.53% to close at $29.90. On the day, ACNB Corporation saw 22,036 shares trade hands on 107 trades. Considering that the stock averages only a daily volume of 6,634 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 $32.00 and $24.45 over the last 52-weeks, its 50-day SMA is now $28.82, and its 200-day SMA $28.12. ACNB Corporation has a P/B ratio of 1.36. It also has a P/E ratio of 19.5.

ACNB Corp provides banking, insurance, and financial services to businesses, and consumers through its wholly-owned subsidiaries, ACNB Bank and Russell Insurance Group Inc (RIG). The corporation has two reporting segments, the Bank and RIG.

Headquartered in Gettysburg, PA, ACNB Corporation has 158 employees and is currently under the leadership of CEO James Helt.

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

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