Shoe Carnival Inc. (SCVL) traded on unusually high volume on May. 16, as the stock
lost 3.07% to close at $21.30. On the day, Shoe Carnival Inc. saw 241,727 shares trade hands on 2,249 trades.
Considering that the stock averages only a daily volume of 135,331 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 $31.79 and $21.16 over the last 52-weeks, its 50-day SMA is now $24.61, and its 200-day SMA $26.15. Shoe Carnival Inc.
has a P/B ratio of 1.17. It also has a P/E ratio of 17.
Shoe Carnival Inc is a family footwear retailer. It offers customers an assortment of moderately priced dress, casual and athletic footwear for men, women and children.
Headquartered in Evansville, IN, Shoe Carnival Inc. has 5,100 employees and is currently under the leadership of CEO Clifton E. Sifford.
For a complete fundamental analysis analysis of Shoe Carnival 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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