Tesla Motors Inc. (TSLA) Moves Higher on Volume Spike for March 12

Equities Staff  |

Tesla Motors Inc. (TSLA) traded on unusually high volume on Mar. 12, as the stock gained 5.61% to close at $345.51. On the day, Tesla Motors Inc. saw 8.22 million shares trade hands on 89,794 trades. Considering that the stock averages only a daily volume of 5.45 million 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 $389.61 and $242.78 over the last 52-weeks, its 50-day SMA is now $334.89, and its 200-day SMA $338.93. Tesla Motors Inc. has a P/B ratio of 13.78.

Tesla Inc is a vertically integrated sustainable energy company. It designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.

Headquartered in Palo Alto, CA, Tesla Motors Inc. has 37,543 employees and is currently under the leadership of CEO Elon Musk.

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

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