Rapid7 Inc. (RPD) Moves Higher on Volume Spike for September 20

Equities Staff  |

Rapid7 Inc. (RPD) traded on unusually high volume on Sep. 20, as the stock gained 2.71% to close at $17.46. On the day, Rapid7 Inc. saw 481,447 shares trade hands on 3,206 trades. Considering that the stock averages only a daily volume of 246,249 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 $19.29 and $10.63 over the last 52-weeks, its 50-day SMA is now $16.47, and its 200-day SMA $15.52. Rapid7 Inc. has a P/B ratio of 21.83.

Rapid7 Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security.

Headquartered in Boston, MA, Rapid7 Inc. has 887 employees and is currently under the leadership of CEO Corey Thomas.

For a complete fundamental analysis analysis of Rapid7 Inc., check out Equities.com’s Stock Valuation Analysis report for RPD.

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To get more information on Rapid7 Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: RPD’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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