American Superconductor Corporation (AMSC) Moves Higher on Volume Spike for March 16

Equities Staff  |

American Superconductor Corporation (AMSC) traded on unusually high volume on Mar. 16, as the stock gained 10.85% to close at $6.13. On the day, American Superconductor Corporation saw 385,855 shares trade hands on 1,371 trades. Considering that the stock averages only a daily volume of 167,826 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 $7.75 and $2.89 over the last 52-weeks, its 50-day SMA is now $5.02, and its 200-day SMA $4.22. American Superconductor Corporation has a P/B ratio of 2.24.

American Superconductor Corp provides megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. The Company's business segments are Wind and Grid.

Headquartered in Devens, MA, American Superconductor Corporation has 354 employees and is currently under the leadership of CEO Daniel P. McGahn.

For a complete fundamental analysis analysis of American Superconductor Corporation, check out’s Stock Valuation Analysis report for AMSC.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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