Houghton Mifflin Harcourt Company (HMHC) traded on unusually high volume on Feb. 23, as the stock lost 4.48% to close at $10.65. On the day, Houghton Mifflin Harcourt Company saw 1.82 million shares trade hands on 8,617 trades. Considering that the stock averages only a daily volume of 701,628 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 $21.08 and $9.15 over the last 52-weeks, its 50-day SMA is now $10.87, and its 200-day SMA $13.82. Houghton Mifflin Harcourt Company has a P/B ratio of 1.23.
Houghton Mifflin Harcourt Co provides content, services and technology to both educational institutions and consumers, reaching over 50 million students in more than 150 countries. It also published trade and reference materials.
Headquartered in Boston, MA, Houghton Mifflin Harcourt Company has 4,500 employees and is currently under the leadership of CEO L. Gordon Crovitz.
For a complete fundamental analysis analysis of Houghton Mifflin Harcourt Company, check out Equities.com’s Stock Valuation Analysis report for HMHC.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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