VeriSign Inc. (VRSN) Moves Lower on Volume Spike for December 16

Equities Staff  |

VeriSign Inc. (VRSN) traded on unusually high volume on Dec. 16, as the stock lost 1.34% to close at $77.90. On the day, VeriSign Inc. saw 1.47 million shares trade hands on 7,036 trades. Considering that the stock averages only a daily volume of 745,978 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 $91.99 and $70.26 over the last 52-weeks, its 50-day SMA is now $79.53, and its 200-day SMA $82.62. VeriSign Inc. has a P/B ratio of -6.97. It also has a P/E ratio of 23.6.

VeriSign Inc is a provider of domain name registry services and internet security, enabling internet navigation for many of the world's recognized domain names and providing protection for websites and enterprises around the world.

Headquartered in Reston, VA, VeriSign Inc. has 1,019 employees and is currently under the leadership of CEO D. James Bidzos.

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

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