Analyzing The Price Action In 500.com Stock Today
500.com's Stock Price And Volume Action
500.com's (NYSE:WBAI) stock is trading up 58.3% to a price of $34.34. The stock's current volume for the day is 1.29 million, which is approximately 136.12% of its previous 30-day average volume of 944.38 thousand.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: 500.Com shares are trading higher after the company announced the acquisition of BTC.com businesses for 44.54 million shares of the company's common stock.
Further Analysis of Recent Price Action
The moving average price of the stock over the past 50 days was $9.53 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $22.98 and as low as $2.51.
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