ORBCOMM Inc. (ORBC) Jumps 10.86% on December 22

Equities Staff |

ORBCOMM Inc. (ORBC) was among the biggest gainers on the Russell 2000 for Tuesday December 22 as the stock popped 10.86% to $7.45, representing a gain of $0.73 per share. Some 1.09 million shares traded hands on 4,914 trades, compared with an average daily volume of 286,720 shares out of a total float of 70.58 million. The stock opened at $7.00 and traded with an intraday range of $7.46 to $6.98.

After today's gains, ORBCOMM Inc. reached a market cap of $525.79 million. ORBCOMM Inc. has had a trading range between $7.62 and $5.27 over the last year, and it had a 50-day SMA of $6.32 and a 200-day SMA of $6.22.

ORBCOMM Inc is a wireless data communications company. The Company provides machine-to-machine solutions, including network connectivity, devices and web reporting applications.

ORBCOMM Inc. is based out of Rochelle Park, NJ and has some 225 employees. Its CEO is Marc Eisenberg.

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

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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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