Spot Check on Stocks With Abnormal Activity Flotek Industries, Inc. (NYSE:FTK), Vital Therapies, Inc. (NASDAQ:VTL)

Shares of Flotek Industries, Inc. (NYSE:FTK) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $5.52 at the time of writing.  The day’s total volume of 2680751 this morning is in contrast from the three-month daily average of 1056.64K.  When we divide the current volume by the three-month average volume, we get a relative volume of 2.97.

Flotek Industries, Inc. (NYSE:FTK)‘s market cap, the total dollar value of all of their outstanding shares, is 322.39m.  Including today’s unusual volume, Flotek Industries, Inc.‘s stock is performing at -44.52% on the year.  For the week, the stock is performing 1.76%.  Over the past month the firm’s stock is -12.44%, -47.00% for the last quarter, -54.66% for the past six-months and -67.05% for the last year.

Current levels places Flotek Industries, Inc. (NYSE:FTK)’s stock about -42.08% from the 50-day high and 21.05% away from the 50-day low.  

Vital Therapies, Inc. (NASDAQ:VTL) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $4.18.  The day’s total volume of 494861 this morning is in contrast from the three-month daily average of 183.87K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.15.

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

Vital Therapies, Inc. (NASDAQ:VTL)‘s market cap, the total dollar value of all of their outstanding shares, is 148.42m.  Including today’s unusual volume, Vital Therapies, Inc.‘s stock is performing at -11.49% on the year.  For the week, the stock is performing 22.22%.  Over the past month the firm’s stock is 40.00%, 28.33% for the last quarter, -12.50% for the past six-months and -38.89% for the last year.

Current levels places Vital Therapies, Inc. (NASDAQ:VTL)’s stock about 5.70% from the 50-day high and 72.16% away from the 50-day low.  

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