Haverty Furniture Companies Inc. (HVT) traded on unusually high volume on Jan. 08, as the stock lost 3.89% to close at $22.25. On the day, Haverty Furniture Companies Inc. saw 189,420 shares trade hands on 1,800 trades. Considering that the stock averages only a daily volume of 109,553 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 $27.23 and $21.05 over the last 52-weeks, its 50-day SMA is now $23.73, and its 200-day SMA $23.81. Haverty Furniture Companies Inc. has a P/B ratio of 1.61. It also has a P/E ratio of 16.8.
Haverty Furniture Companies Inc is a retailer of residential furniture and accessories. It sells home furnishings in its retail stores and via its website and offers mattresses products such as Sealy, Serta, Stearns & Foster, and Tempur-Pedic.
Headquartered in Atlanta, GA, Haverty Furniture Companies Inc. has 3,656 employees and is currently under the leadership of CEO Clarence H. Smith.
For a complete fundamental analysis analysis of Haverty Furniture Companies Inc., check out Equities.com’s Stock Valuation Analysis report for HVT.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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