Timken Company (The) (TKR) Moves Higher on Volume Spike for April 25
Timken Company (The) (TKR) traded on unusually high volume on Apr. 25, as the stock gained 0.57% to close at $43.85. On the day, Timken Company (The) saw 1.53 million shares trade hands on 13,323 trades. Considering that the stock averages only a daily volume of 749,939 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 $55.65 and $41.85 over the last 52-weeks, its 50-day SMA is now $45.44, and its 200-day SMA $47.02. Timken Company (The) has a P/B ratio of 2.37. It also has a P/E ratio of 17.
The Timken Co engineers, manufactures and markets bearings, transmissions, gearboxes, chain, and related products under Timken brand, and offers a spectrum of power system rebuild and repair services around the world.
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