Exxon Mobil Corporation (XOM) Moves Lower on Volume Spike for February 07

Equities Staff  |

Exxon Mobil Corporation (XOM) traded on unusually high volume on Feb. 07, as the stock lost 1.8% to close at $76.94. On the day, Exxon Mobil Corporation saw 21.71 million shares trade hands on 126,145 trades. Considering that the stock averages only a daily volume of 12.88 million 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 $89.30 and $76.05 over the last 52-weeks, its 50-day SMA is now $84.78, and its 200-day SMA $81.04. Exxon Mobil Corporation has a P/B ratio of 1.79. It also has a P/E ratio of 26.

Exxon Mobil Corp is an integrated oil and gas company. It is engaged in exploration for, and production of, crude oil and natural gas. It is also engaged in manufacturing, transportation and sale of crude oil, natural gas and petroleum products.

Headquartered in Irving, TX, Exxon Mobil Corporation has 72,700 employees and is currently under the leadership of CEO Darren W. Woods.

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

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