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Visteon Corporation (VC) traded on unusually high volume on Jul. 13, as the stock lost 0.83% to close at $131.03. On the day, Visteon Corporation saw 1.18 million shares trade hands on 10,653 trades. Considering that the stock averages only a daily volume of 582,972 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 $140.64 and $104.51 over the last 52-weeks, its 50-day SMA is now $130.08, and its 200-day SMA $125.81. Visteon Corporation has a P/B ratio of 7.65. It also has a P/E ratio of 23.3.
Visteon Corp is an automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer. Its products include automotive systems, modules and components and audio head units.
Headquartered in Van Buren Township, MI, Visteon Corporation has 10,000 employees and is currently under the leadership of CEO Sachin Lawande.
For a complete fundamental analysis analysis of Visteon Corporation, check out Equities.com’s Stock Valuation Analysis report for VC.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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