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DaVita Inc. (DVA) traded on unusually high volume on Sep. 13, as the stock gained 5.58% to close at $71.33. On the day, DaVita Inc. saw 2.62 million shares trade hands on 23,267 trades. Considering that the stock averages only a daily volume of 1.39 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 $80.71 and $52.51 over the last 52-weeks, its 50-day SMA is now $70.76, and its 200-day SMA $69.87. DaVita Inc. has a P/B ratio of 2.78. It also has a P/E ratio of 22.4.
DaVita Inc is engaged in operating kidney dialysis centers and providing related lab services in dialysis centers and in contracted hospitals across USA. It also operates other ancillary services and strategic initiatives.
Headquartered in Denver, CO, DaVita Inc. has 74,500 employees and is currently under the leadership of CEO Kent J. Thiry.
For a complete fundamental analysis analysis of DaVita Inc., check out Equities.com’s Stock Valuation Analysis report for DVA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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