During the session on 30 December, Libbey stock reached a peak of USD 31.71 after opening at USD 31.13 and closing at USD 31.54 for a move of USD 1.28%. The day’s trading means the company’s market cap is now at USD 683.33 million and it has a 50-day SMA of USD 29.18 and a 200-day SMA of USD 27.06.
Libbey Inc. hit a new 52-week high at the end of December, reaching a peak of USD 31.71 after opening at USD 31.13 and closing at USD 31.54 for a move of USD 1.28%.
Hitting a new 52-week high is a notable milestone for any company, and it can mean a trading opportunity on either the long or short side, depending on one’s perspective. Some view a company hitting its highest price in a year as a sign of momentum and think it means it’s time to buy in. Others, though, tend to interpret a new 52-week high as likely signalling the end of a strong run, with the stock peaking out before a period of decline.
However one plays it, it’s often a critical moment for any stock and should be noted by investors.
The new 52-week high came on a volume of 83,705 for a stock that has a float of 21.67 million shares and an average daily volume of USD 75,155. The day’s trading means the company’s market cap is now at USD 683.33 million and it has a 50-day SMA of USD 29.18 and a 200-day SMA of USD 27.06.
Libbey Inc is engaged in manufacturing and marketing of glass tableware products. Its tableware products consist of glass tableware, ceramic dinnerware, and metal flatware, hollowware and serveware and glass tableware includes tumblers, stemware.
Libbey Inc. is based out of Toledo, OH and has some 6,437 employees. Its CEO is Stephanie A. Streeter.