Williams-Sonoma Inc. (DE) (WSM) Moves Higher on Volume Spike for February 27

Equities Staff  |

Williams-Sonoma Inc. (DE) (WSM) traded on unusually high volume on Feb. 27, as the stock gained 3.57% to close at $58.92. On the day, Williams-Sonoma Inc. (DE) saw 1.77 million shares trade hands on 12,420 trades. Considering that the stock averages only a daily volume of 1.16 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 $73.99 and $45.01 over the last 52-weeks, its 50-day SMA is now $52.66, and its 200-day SMA $57.56. Williams-Sonoma Inc. (DE) has a P/B ratio of 4.33. It also has a P/E ratio of 16.9.

With a wide retail and direct-to-consumer presence, Williams-Sonoma is a leader in the $116 billion home furnishings category. Namesake Williams-Sonoma (226 stores) offers high-end cooking essentials, while Pottery Barn (205) provides casual home accessories. Brand extensions include Pottery Barn Kids (82) and PBteen. West Elm (112) is an emerging concept for young professionals, and Rejuvenation (8) offers lighting and house parts.

Headquartered in San Francisco, CA, Williams-Sonoma Inc. (DE) has 27,800 employees and is currently under the leadership of CEO Laura J. Alber.

For a complete fundamental analysis analysis of Williams-Sonoma Inc. (DE), check out Equities.com’s Stock Valuation Analysis report for WSM.

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To get more information on Williams-Sonoma Inc. (DE) and to follow the company’s latest updates, you can visit the company’s profile page here: WSM’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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