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Why 8x8's Stock is Trading Higher Today

December 10, 2020 10:29 am
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Why 8x8's Stock is Trading Higher Today

8×8’s Stock Price And Volume Action

8×8’s (NYSE:EGHT) stock is trading up 38.08% to a price of $28.09. The stock’s current volume for the day is 3.43 million, which is approximately 229.56% of its previous 30-day average volume of 1.49 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: 8×8 shares are trading higher. The company earlier announced the appointment of former RingCentral COO Dave Sipes as CEO.

Further Analysis of Recent Price Action

The 50-day moving average price of 8×8’s stock was $18.03 when this article was published. The stock reached a high of $22.29 and a low of $10.7 in the past 52 weeks.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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