Rambus Inc. (RMBS) Soars 7.27% on October 31

Equities Staff  |

Rambus Inc. (RMBS) had a good day on the market for Wednesday October 31 as shares jumped 7.27% to close at $8.71. About 849,288 shares traded hands on 6,149 trades for the day, compared with an average daily volume of 708,918 shares out of a total float of 107.35 million. After opening the trading day at $8.22, shares of Rambus Inc. stayed within a range of $8.71 to $8.17.

With today's gains, Rambus Inc. now has a market cap of $934.98 million. Shares of Rambus Inc. have been trading within a range of $15.50 and $7.30 over the last year, and it had a 50-day SMA of $10.57 and a 200-day SMA of $12.56.

Rambus Inc is a technology solutions company. The company creates semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting.

Rambus Inc. is based out of Sunnyvale, CA and has some 819 employees. Its CEO is Luc Seraphin.

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

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Rambus Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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