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Why SPI Energy Is Trading Higher Today

January 20, 2021 9:54 am
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Why SPI Energy Is Trading Higher Today

The Price And Volume Action In SPI Energy's Stock Today

SPI Energy's (NASDAQ:SPI) stock is trading up 18.37% to a price of $10.75. Wednesday the stock has been traded at a volume of 2.26 million, about 101.58% of its recent 30-day volume average of 2.22 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: SPI Energy shares are trading higher after the company announced its subsidiary, Phoenix Motorcars, appointed early Tesla employee Edmund Shen as its new Vice President, Product Management and Supply Chain.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $8.71 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $46.67 and fallen to a low of $0.55.

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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