Northrop Grumman Corporation (NOC) Moves Lower on Volume Spike for January 31

Equities Staff  |

Northrop Grumman Corporation (NOC) traded on unusually high volume on Jan. 31, as the stock lost 1.88% to close at $275.55. On the day, Northrop Grumman Corporation saw 1.93 million shares trade hands on 22,036 trades. Considering that the stock averages only a daily volume of 1.21 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 $360.88 and $223.63 over the last 52-weeks, its 50-day SMA is now $259.60, and its 200-day SMA $296.70. Northrop Grumman Corporation has a P/B ratio of 5.26. It also has a P/E ratio of 18.

Northrop operates four business segments: aerospace systems, mission systems, technology services, and innovation systems. Aerospace includes aircraft and space systems. Mission systems consists of radars, sensors, and systems for surveillance and targeting. Technology services provides cybersecurity and information technology to government clients, as well as logistics and maintenance on various products. The innovation systems business focuses on missile defense, space systems, hypersonics, and launchers.

Headquartered in Falls Church, VA, Northrop Grumman Corporation has 70,000 employees and is currently under the leadership of CEO Kathy J. Warden.

For a complete fundamental analysis analysis of Northrop Grumman Corporation, check out Equities.com’s Stock Valuation Analysis report for NOC.

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To get more information on Northrop Grumman Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: NOC’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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