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RBC Bearings Incorporated (ROLL) Moves Lower on Volume Spike for January 18

Resource from:  https://www.equities.com/news/rbc-bearings-incorporated-roll-moves-lower-on-volume-spike-for-january-18 Likes:163
Jan 19,2018

RBC Bearings Incorporated (ROLL) traded on unusually high volume on Jan. 18, as the stock lost 1.57% to close at $126.27. On the day, RBC Bearings Incorporated saw 165,088 shares trade hands on 2,610 trades. Considering that the stock averages only a daily volume of 82,694 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 $139.95 and $87.61 over the last 52-weeks, its 50-day SMA is now $125.41, and its 200-day SMA $112.03. RBC Bearings Incorporated has a P/B ratio of 3.98. It also has a P/E ratio of 43.5.

RBC Bearings Inc is a manufacturer and marketer of engineered precision plain, roller and ball bearings. It operates in four business segments namely roller bearings, plain bearings, ball bearings, and engineered products.

Headquartered in Oxford, CT, RBC Bearings Incorporated has 3,401 employees and is currently under the leadership of CEO Michael J. Hartnett.

(https://www.equities.com/news/rbc-bearings-incorporated-roll-moves-lower-on-volume-spike-for-january-18)
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