Live Oak Bancshares Inc. (LOB) Moves Higher on Volume Spike for November 29

Equities Staff  |

Live Oak Bancshares Inc. (LOB) traded on unusually high volume on Nov. 29, as the stock gained 2.56% to close at $26.00. On the day, Live Oak Bancshares Inc. saw 130,441 shares trade hands on 1,259 trades. Considering that the stock averages only a daily volume of 83,689 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 $26.05 and $16.60 over the last 52-weeks, its 50-day SMA is now $23.62, and its 200-day SMA $23.38. Live Oak Bancshares Inc. has a P/B ratio of 2.85. It also has a P/E ratio of 27.3.

Live Oak Bancshares Inc is a nationwide lender to small businesses. It offers loans comprising small business administration loans; conventional commercial business loans to small- and medium-sized businesses; and construction loans.

Headquartered in Wilmington, NC, Live Oak Bancshares Inc. has 530 employees and is currently under the leadership of CEO James S. Mahan.

For a complete fundamental analysis analysis of Live Oak Bancshares Inc., check out Equities.com’s Stock Valuation Analysis report for LOB.

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To get more information on Live Oak Bancshares Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LOB’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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