Unusual Volume Spotted in Dover Motorsports, Inc. (NYSE:DVD) and FRP Holdings, Inc. (NASDAQ:FRPH)

Dover Motorsports, Inc. (NYSE:DVD) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $1.95.  The day’s total volume of 28535 this morning is in contrast from the three-month daily average of 11.07K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.03.

Dover Motorsports, Inc. (NYSE:DVD)‘s market cap, the total dollar value of all of their outstanding shares, is 75.19m.  Including today’s unusual volume, Dover Motorsports, Inc.‘s stock is performing at -10.87% on the year.  For the week, the stock is performing 2.50%.  Over the past month the firm’s stock is 0.00%, -2.38% for the last quarter, -12.77% for the past six-months and -2.38% for the last year.

Current levels places Dover Motorsports, Inc. (NYSE:DVD)’s stock about -20.41% from the 50-day high and 0.00% away from the 50-day low.  

Investors are on alert as FRP Holdings, Inc. (NASDAQ:FRPH)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $45.00.  The day’s total volume of 28271 this morning is in contrast from the three-month daily average of 8.43K. 

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

FRP Holdings, Inc. (NASDAQ:FRPH)‘s market cap, the total dollar value of all of their outstanding shares, is 448.20m.  Including today’s unusual volume, FRP Holdings, Inc.‘s stock is performing at 19.36% on the year.  For the week, the stock is performing -3.23%.  Over the past month the firm’s stock is -2.28%, 1.58% for the last quarter, 1.35% for the past six-months and 28.35% for the last year.

Current levels places FRP Holdings, Inc. (NASDAQ:FRPH)’s stock about -8.81% from the 50-day high and 7.27% away from the 50-day low.  

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