Trader Alert: Unusual Volume Spotted in GigaMedia Limited (NASDAQ:GIGM), and Arista Networks, Inc. (NYSE:ANET)

GigaMedia Limited (NASDAQ:GIGM) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $3.04.  The day’s total volume of 47403 this morning is in contrast from the three-month daily average of 14.49K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.82.

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

GigaMedia Limited (NASDAQ:GIGM)‘s market cap, the total dollar value of all of their outstanding shares, is 33.04m.  Including today’s unusual volume, GigaMedia Limited‘s stock is performing at 1.03% on the year.  For the week, the stock is performing -2.64%.  Over the past month the firm’s stock is -3.91%, 1.72% for the last quarter, -7.52% for the past six-months and 18.00% for the last year.

Current levels places GigaMedia Limited (NASDAQ:GIGM)’s stock about -4.86% from the 50-day high and 8.93% away from the 50-day low.  

Investors are on alert as Arista Networks, Inc. (NYSE:ANET)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $172.84.  The day’s total volume of 3520687 this morning is in contrast from the three-month daily average of 830.91K. 

Looking Back

Arista Networks, Inc. (NYSE:ANET)‘s market cap, the total dollar value of all of their outstanding shares, is 10485.40m.  Including today’s unusual volume, Arista Networks, Inc.‘s stock is performing at 48.86% on the year.  For the week, the stock is performing -5.26%.  Over the past month the firm’s stock is -3.07%, 2.75% for the last quarter, 51.82% for the past six-months and 102.03% for the last year.

Current levels places Arista Networks, Inc. (NYSE:ANET)’s stock about 6.06% from the 50-day high and 21.91% away from the 50-day low.  

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