Sprint Corporation (S) traded on unusually high volume on Mar. 22, as the stock lost 0.12% to close at $8.27. On the day, Sprint Corporation saw 22.25 million shares trade hands on 52,250 trades. Considering that the stock averages only a daily volume of 13.87 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.
H.V.
Sprint Corporation (S) traded on unusually high volume on Mar. 22, as the stock lost 0.12% to close at $8.27. On the day, Sprint Corporation saw 22.25 million shares trade hands on 52,250 trades. Considering that the stock averages only a daily volume of 13.87 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.