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’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’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 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:



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