Raymond James Financial Inc. (RJF) Moves Lower on Volume Spike for December 01

Equities Staff  |

Raymond James Financial Inc. (RJF) traded on unusually high volume on Dec. 01, as the stock lost 0.07% to close at $88.24. On the day, Raymond James Financial Inc. saw 1.4 million shares trade hands on 14,951 trades. Considering that the stock averages only a daily volume of 720,886 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 $90.27 and $68.97 over the last 52-weeks, its 50-day SMA is now $84.92, and its 200-day SMA $79.30. Raymond James Financial Inc. has a P/B ratio of 2.28. It also has a P/E ratio of 20.4.

Raymond James Financial Inc is a diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities.

Headquartered in St. Petersburg, FL, Raymond James Financial Inc. has 12,700 employees and is currently under the leadership of CEO Paul C. Reilly.

For a complete fundamental analysis analysis of Raymond James Financial Inc., check out Equities.com’s Stock Valuation Analysis report for RJF.

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