Tempur Sealy International (TPX) is Trading Lower on Unusual Volume for January 13

Equities Staff |

Tempur Sealy International (TPX) experienced unusually high volume on Jan. 13, as the stock lost 5.42% to a closing price of $62.28. The stock saw 1.17 million shares trade hands over the course of the day on 8,354 trades. Given that the stock’s average daily volume over the last month has been 683,909 shares a day, this represents a pretty substantial spike over the norm.

Tempur Sealy International has a P/B ratio of 12.95. It also has a P/E ratio of 31.2. The stock has traded between $82.61 and $49.00 over the last 52-weeks, its 50-day SMA is now $75.61, and its 200-day SMA $69.96.

Tempur Sealy International Inc is a bedding provider. The Company develop, manufacture, market and distributes bedding products, which it sells internationally.

Headquartered in Lexington, KY, Tempur Sealy International has 7,100 employees and is currently under the leadership of CEO Scott L. Thompson.

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

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

VOIP PAL.COM INC

VOIP-PAL COM Inc is a development stage company. The Company is engaged in broadband Voice-over-Internet Protocol ("VoIP") market with the ownership and continuing development of a portfolio of VoIP Patents.

Private Markets

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…

Cloudera

Cloudera offers enterprises a new data platform built on the Apache Hadoop open-source software package. Hadoop is a data-management platform that can consolidate data in a single repository for comprehensive…