Encore Wire Corporation (WIRE) Breaks into New 52-Week High on January 07 Session
Equities Staff Follow |Shares of Encore Wire Corporation (WIRE) broke into a new 52-week high yesterday, hitting a peak of $63.77. Shares closed at $63.30 after opening at $63.33 for a move of 0.72%. The company now has a market cap of $1.31 billion.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.
For Encore Wire Corporation, the new 52-week high came on volume of 98,125. The stock has a float of 20.63 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of Encore Wire Corporation, check out Equities.com’s Stock Valuation Analysis report for WIRE.
Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2 and other types of wire products, including tray cable, metal-clad and armored cable.
Encore Wire Corporation is based out of McKinney, TX and has some 1,380 employees. Its CEO is Daniel L. Jones.
Encore Wire Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.
To get more information on Encore Wire Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: WIRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
"wire" - Google News
January 08, 2021 at 05:13AM
https://ift.tt/2Ldg8Qf
Encore Wire Corporation (WIRE) Breaks into New 52-Week High on January 07 Session - Equities.com
"wire" - Google News
https://ift.tt/2YtvSDd
https://ift.tt/2VUOqKG
Bagikan Berita Ini
Comments