The Travelers Companies Inc. (TRV) traded on unusually high volume on Nov. 13, as the stock
lost 1.64% to close at $133.32. On the day, The Travelers Companies Inc. saw 2.65 million shares trade hands on 19,874 trades.
Considering that the stock averages only a daily volume of 1.48 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 $135.71 and $110.40 over the last 52-weeks, its 50-day SMA is now $126.32, and its 200-day SMA $123.24. The Travelers Companies Inc.
has a P/B ratio of 1.54. It also has a P/E ratio of 15.7.
The Travelers Companies Inc operates in property and casualty insurance industry. Its operations are divided into three segments: Business and International Insurance; Bond and Specialty Insurance; and Personal Insurance.
Headquartered in New York, NY, The Travelers Companies Inc. has 30,900 employees and is currently under the leadership of CEO Alan D. Schnitzer.
For a complete fundamental analysis analysis of The Travelers Companies Inc., check out Equities.com’s Stock Valuation Analysis report
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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