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Among the biggest risers on the S&P 500 on Thursday July 12 was Red Hat Inc. ($RHT), popping some 3.45% to a price of $150.00 a share with some 3.91 million shares trading hands.
Starting the day trading at $145.70, Red Hat Inc. reached an intraday high of $150.74 and hit intraday lows of $145.64. Shares gained $5 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 2.09 million of its 177.37 million share total float. Today’s action puts the stock’s 50-day SMA at $160.50 and 200-day SMA at $139.84 with a 52-week range of $95.88 to $177.70.
Red Hat Inc is a software company operating business across the world. It is primarily engaged in providing services to its version of the open-source Linux software operating systems, middleware, storage, virtualization, and management tools.
Red Hat Inc. has its corporate headquarters located in Raleigh, NC and employs 11,870 people. Its market cap has now risen to $26.61 billion after today’s trading, its P/E ratio is now 91.8, its P/S 8.41, P/B 18.59, and P/FCF 41.4.
You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Red Hat Inc., check out Stock Valuation Analysis tool for RHT.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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