Forrester Research Inc. (FORR) Moves Lower on Volume Spike for February 09

Equities Staff  |

Forrester Research Inc. (FORR) traded on unusually high volume on Feb. 09, as the stock lost 9.75% to close at $35.65. On the day, Forrester Research Inc. saw 100,413 shares trade hands on 1,141 trades. Considering that the stock averages only a daily volume of 29,040 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 $44.40 and $30.06 over the last 52-weeks, its 50-day SMA is now $41.68, and its 200-day SMA $38.84. Forrester Research Inc. has a P/B ratio of 4.55. It also has a P/E ratio of 55.8.

Forrester Research Inc is an independent research, data, and advisory services firm. It works with business and technology leaders to help them develop customer-obsessed strategies that drive growth.

Headquartered in Cambridge, MA, Forrester Research Inc. has 1,345 employees and is currently under the leadership of CEO George F. Colony.

For a complete fundamental analysis analysis of Forrester Research Inc., check out Equities.com’s Stock Valuation Analysis report for FORR.

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To get more information on Forrester Research Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FORR’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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