Why Is It Moving? Looking Into Why Armstrong Flooring's Stock is Trading Higher Today
The Price And Volume Action In Armstrong Flooring's Stock Today
Armstrong Flooring (NYSE:AFI) is currently up 23.51% to a price of $5.02. The stock's volume is currently 2.21 million, which is roughly 780.58% of its recent 30-day volume average of 282.60 thousand.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Armstrong Flooring shares are trading higher after the company signed a definitive agreement to sell its South Gate, California property for $76.7 million.
Perspective On Recent Price Action
The stock's 50-day moving average was $4.06 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $5.6 and fallen to a low of $1.12.
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