Renewable Energy Group Inc. (REGI) Moves Higher on Volume Spike for December 06

Equities Staff |

Renewable Energy Group Inc. (REGI) traded on unusually high volume on Dec. 06, as the stock gained 0.88% to close at $11.40. On the day, Renewable Energy Group Inc. saw 630,532 shares trade hands on 3,764 trades. Considering that the stock averages only a daily volume of 348,750 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 $13.55 and $8.25 over the last 52-weeks, its 50-day SMA is now $11.67, and its 200-day SMA $11.37. Renewable Energy Group Inc. has a P/B ratio of 0.8.

Renewable Energy Group Inc (REG) is a producer of advanced biofuels. It is engaged in providing cleaner, lower carbon intensity products, and services. REG generates most of its revenue from the United States of America.

Headquartered in Ames, IA, Renewable Energy Group Inc. has 703 employees and is currently under the leadership of CEO Randolph L. Howard.

For a complete fundamental analysis analysis of Renewable Energy Group Inc., check out Equities.com’s Stock Valuation Analysis report for REGI.

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