RPC Inc. (RES) Moves Lower on Volume Spike for January 23

Equities Staff  |

RPC Inc. (RES) traded on unusually high volume on Jan. 23, as the stock lost 6.15% to close at $10.69. On the day, RPC Inc. saw 4.66 million shares trade hands on 27,646 trades. Considering that the stock averages only a daily volume of 1.95 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 $25.76 and $9.35 over the last 52-weeks, its 50-day SMA is now $12.09, and its 200-day SMA $14.67. RPC Inc. has a P/B ratio of 2.35. It also has a P/E ratio of 11.2.

RPC provides pressure pumping, coiled tubing, downhole tools, snubbing, nitrogen, rentals, and other oilfield products and services chiefly to U.S. onshore customers. The company's flagship subsidiary, Cudd Energy Services, has a strong reputation throughout the industry and was originally founded in 1977.

Headquartered in Atlanta, GA, RPC Inc. has 3,500 employees and is currently under the leadership of CEO Richard A. Hubbell.

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

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