U.S. Bancorp (USB) Moves Higher on Volume Spike for November 14

Equities Staff  |

U.S. Bancorp (USB) traded on unusually high volume on Nov. 14, as the stock gained 0.58% to close at $54.00. On the day, U.S. Bancorp saw 13.32 million shares trade hands on 87,856 trades. Considering that the stock averages only a daily volume of 8.39 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 $58.50 and $48.49 over the last 52-weeks, its 50-day SMA is now $52.87, and its 200-day SMA $51.85. U.S. Bancorp has a P/B ratio of 2.23. It also has a P/E ratio of 11.9.

US Bancorp is a multi-state financial holding company. It offers financial services such as lending and depository service, cash management, foreign exchange and trust and investment management services.

Headquartered in Minneapolis, MN, U.S. Bancorp has 72,402 employees and is currently under the leadership of CEO Andrew Cecere.

For a complete fundamental analysis analysis of U.S. Bancorp, check out Equities.com’s Stock Valuation Analysis report for USB.

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To get more information on U.S. Bancorp and to follow the company’s latest updates, you can visit the company’s profile page here: USB’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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