Genesee & Wyoming Inc. Class A (GWR) Moves Higher on Volume Spike for June 15

Equities Staff  |

Genesee & Wyoming Inc. Class A (GWR) traded on unusually high volume on Jun. 15, as the stock gained 1.7% to close at $81.93. On the day, Genesee & Wyoming Inc. Class A saw 706,343 shares trade hands on 4,263 trades. Considering that the stock averages only a daily volume of 398,257 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 $84.40 and $63.70 over the last 52-weeks, its 50-day SMA is now $75.05, and its 200-day SMA $74.42. Genesee & Wyoming Inc. Class A has a P/B ratio of 1.35. It also has a P/E ratio of 8.4.

Genesee & Wyoming Inc owns and leases short line and regional freight railroads across the world. It provides rail freight services, contract coal loading and railcar switching for industrial customers.

Headquartered in Darien, CT, Genesee & Wyoming Inc. Class A has 8,000 employees and is currently under the leadership of CEO John C. Hellmann.

For a complete fundamental analysis analysis of Genesee & Wyoming Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for GWR.

Still paying commissions on stock trades? Equities.com now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by https://www.equities.com/trading

To get more information on Genesee & Wyoming Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: GWR’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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Global Cannabis

Global Cannabis Applications Corp is engaged in the design, acquire data and develop applications for smartphones and tablets. The company offer Citizen Green platform, an end to end infrastructure to…