Carbonite Inc. (CARB) was one of the Russell 2000's biggest losers for Tuesday February 16 as the stock slid 8.08% to $6.66, a loss of $-0.585 per share. Starting at an opening price of $7.30 a share, the stock traded between $6.65 and $7.31 over the course of the trading day. Volume was 109,698 shares over 1,142 trades, against an average daily volume of 95,078 shares and a total float of 27.25 million.
The losses send Carbonite Inc. down to a market cap of $181.37 million. In the last year, Carbonite Inc. has traded between $15.43 and $6.52, and its 50-day SMA is currently $9.02 and 200-day SMA is $10.58.
Carbonite Inc together with its subsidiaries, provides easy-to-use, affordable, and secure cloud backup solutions with anytime, anywhere access to files stored on it servers.
Carbonite Inc. is based out of Boston, MA and has some 589 employees. Its CEO is .
For a complete fundamental analysis analysis of Carbonite Inc., check out Equities.com’s Stock Valuation Analysis report for CARB. 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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