Speedway Motorsports Inc. (TRK) Moves Higher on Volume Spike for March 30

Equities Staff  |

Speedway Motorsports Inc. (TRK) traded on unusually high volume on Mar. 30, as the stock gained 0.42% to close at $19.29. On the day, Speedway Motorsports Inc. saw 69,129 shares trade hands on 714 trades. Considering that the stock averages only a daily volume of 39,794 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 $22.29 and $16.62 over the last 52-weeks, its 50-day SMA is now $20.53, and its 200-day SMA $19.05. Speedway Motorsports Inc. has a P/B ratio of 0.99. It also has a P/E ratio of 20.

Speedway Motorsports Inc through its wholly-owned and operating subsidiaries promotes and markets motorsports activities in the U.S. The Company also provides souvenir merchandising services, and food, beverage and hospitality catering services.

Headquartered in Concord, NC, Speedway Motorsports Inc. has 1,071 employees and is currently under the leadership of CEO Marcus G. Smith.

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

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

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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