LPL Financial Holdings Inc. (LPLA) is Trading Lower on Unusual Volume for January 15

Equities Staff |

LPL Financial Holdings Inc. (LPLA) experienced unusually high volume on Jan. 15, as the stock lost 4.4% to a closing price of $34.57. The stock saw 1.91 million shares trade hands over the course of the day on 14,160 trades. Given that the stock’s average daily volume over the last month has been 837,788 shares a day, this represents a pretty substantial spike over the norm.

LPL Financial Holdings Inc. has a P/B ratio of 3.47. It also has a P/E ratio of 18.4. The stock has traded between $48.18 and $35.20 over the last 52-weeks, its 50-day SMA is now $43.28, and its 200-day SMA $42.46.

LPL Financial Holdings Inc along with its subsidiaries provides brokerage and investment advisory services to independent and institutional financial advisors.

Headquartered in Boston, MA, LPL Financial Holdings Inc. has 3,384 employees and is currently under the leadership of CEO Mark Casady.

For a complete fundamental analysis analysis of LPL Financial Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for LPLA. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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