Polaris Industries Inc. (PII) Moves Lower on Volume Spike for June 13

Polaris Industries Inc. (PII) traded on unusually high volume on Jun. 13, as the stock
lost 1.04% to close at $126.34. On the day, Polaris Industries Inc. saw 1.56 million shares trade hands on 15,248 trades.
Considering that the stock averages only a daily volume of 705,596 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 $137.66 and $85.82 over the last 52-weeks, its 50-day SMA is now $114.60, and its 200-day SMA $114.77. Polaris Industries Inc.
has a P/B ratio of 8.19. It also has a P/E ratio of 35.7.

Polaris Industries Inc designs and manufactures powersports vehicles including Off-Road Vehicles, All-Terrain Vehicles, side-by-side vehicles for recreational and utility use, Snowmobiles, Motorcycles, Commercial, Government and Defense vehicles.

Headquartered in Medina, MN, Polaris Industries Inc. has 11,000 employees and is currently under the leadership of CEO Scott W. Wine.

For a complete fundamental analysis analysis of Polaris Industries Inc., check out Equities.com’s Stock Valuation Analysis report
for PII

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PII’s Profile
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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This article originally appeared here via Google News