DISH Network Corporation (DISH) experienced unusually high volume on Dec. 21, as the stock lost 1.69% to a closing price of $57.16. The stock saw 3.77 million shares trade hands over the course of the day on 26,331 trades. Given that the stock’s average daily volume over the last month has been 1.4 million shares a day, this represents a pretty substantial spike over the norm.
DISH Network Corporation has a P/B ratio of 9.26. It also has a P/E ratio of 20.7. The stock has traded between $80.75 and $54.62 over the last 52-weeks, its 50-day SMA is now $61.96, and its 200-day SMA $65.80.
DISH Network Corp provides a direct broadcast satellite subscription television service in the United States. It offers subscription television, audio programming and interactive television services in the United States.
Headquartered in Englewood, CO, DISH Network Corporation has 19,000 employees and is currently under the leadership of CEO Roger J. Lynch / Charles W. Ergen.
For a complete fundamental analysis analysis of DISH Network Corporation, check out Equities.com’s Stock Valuation Analysis report for DISH. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
THE IMPORTANCE OF THE RUSSELL 3000
The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.
With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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