Unusual Activity Sighted in Argan, Inc. (NYSE:AGX), and Verso Corporation (NYSE:VRS) Shares

Shares of Argan, Inc. (NYSE:AGX) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $46.03 at the time of writing.  The day’s total volume of 1481813 this morning is in contrast from the three-month daily average of 147.56K.  When we divide the current volume by the three-month average volume, we get a relative volume of 11.56.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Argan, Inc. (NYSE:AGX)‘s market cap, the total dollar value of all of their outstanding shares, is 892.98m.  Including today’s unusual volume, Argan, Inc.‘s stock is performing at -18.50% on the year.  For the week, the stock is performing -2.46%.  Over the past month the firm’s stock is -16.12%, -8.15% for the last quarter, -2.04% for the past six-months and -12.55% for the last year.

Current levels places Argan, Inc. (NYSE:AGX)’s stock about -34.20% from the 50-day high and -18.10% away from the 50-day low.  

Verso Corporation (NYSE:VRS) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $11.30.  The day’s total volume of 1061269 this morning is in contrast from the three-month daily average of 388.97K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.14.

Looking Back

Verso Corporation (NYSE:VRS)‘s market cap, the total dollar value of all of their outstanding shares, is 430.01m.  Including today’s unusual volume, Verso Corporation‘s stock is performing at 75.77% on the year.  For the week, the stock is performing 14.39%.  Over the past month the firm’s stock is 70.96%, 137.71% for the last quarter, 244.75% for the past six-months and 131.97% for the last year.

Current levels places Verso Corporation (NYSE:VRS)’s stock about -9.82% from the 50-day high and 130.61% away from the 50-day low.  

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