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Amerco (UHAL) traded on unusually high volume on Aug. 09, as the stock lost 4.14% to close at $364.26. On the day, Amerco saw 82,412 shares trade hands on 1,386 trades. Considering that the stock averages only a daily volume of 47,877 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 $400.99 and $317.43 over the last 52-weeks, its 50-day SMA is now $362.74, and its 200-day SMA $360.43. Amerco has a P/B ratio of 2.1. It also has a P/E ratio of 9.4.
Amerco Inc provides trucks and trailers on rent, sells moving supplies, towing accessories, propane and rents fixed and portable moving and storage units to the ‘do-it-yoursef” mover and management of self-storage properties owned by others.
Headquartered in Reno, NV, Amerco has 29,000 employees and is currently under the leadership of CEO Edward J. Shoen.
For a complete fundamental analysis analysis of Amerco, check out Equities.com’s Stock Valuation Analysis report for UHAL.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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