Blackhawk Network Holdings Inc. (HAWK) Moves Higher on Volume Spike for July 17

Equities Staff |

Blackhawk Network Holdings Inc. (HAWK) traded on unusually high volume on Jul. 17, as the stock gained 2.59% to close at $43.55. On the day, Blackhawk Network Holdings Inc. saw 955,117 shares trade hands on 6,344 trades. Considering that the stock averages only a daily volume of 476,175 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 $44.90 and $28.88 over the last 52-weeks, its 50-day SMA is now $42.64, and its 200-day SMA $38.23. Blackhawk Network Holdings Inc. has a P/B ratio of 3.13.

Blackhawk Network Holdings Inc is a payment products and services provider. It offers gift cards, prepaid products, telecom and debit cards in physical and electronic forms and payment services in the United States and other countries.

Headquartered in Pleasanton, CA, Blackhawk Network Holdings Inc. has 3,191 employees and is currently under the leadership of CEO Talbott Roche.

For a complete fundamental analysis analysis of Blackhawk Network Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for HAWK.

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To get more information on Blackhawk Network Holdings Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: HAWK’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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