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China Life Insurance Company Ltd and Other Big Movers on the NYSE on August 27, 2012
The market is having a good day so far. The Nasdaq is trading up 0.5%; the S&P 500 has risen 0.3%; and the Dow has moved up 0.1%. The NYSE is a stock exchange based in New York City, considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.
The biggest movers traded on the NYSE so far are:
Forex Broker Summary: Forex Capital Markets (FXCM)
Kenexa (NYSE:KNXA) has soared 41.4% to reach a current price of $45.81 per share. At 6.8 million shares, the company's volume so far today is 26.6 times its current daily average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. KNXA has a debt-equity ratio of 12%, which is on the low side. A low D/E ratio may be a sign that the company is not taking advantage of leverage to increase its profits. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.
After an increase of 7.4%, Dollar Thrifty Automotive Group (NYSE:DTG) has reached a current price of $86.99. The company is currently trading a volume of 6.8 million shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). The P/E ratio for DTG is 13.0, below the industry average of 21.32. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
Tiffany (NYSE:TIF) is currently trading at $62.54 per share, a 6.9% increase. The company's volume is currently 5.4 million shares for the day, above yesterday's volume of 2.9 million shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The price/book value ratio is one of the more common methods of determining whether a stock is fairly valued. TIF's stock is trading for more than its book value with a P/B ratio of 3.33. It is important to take the company's debt into account when using the P/B ratio as debt can boost a company's liabilities to the point where they wipe out much of the book value of its hard assets, creating artificially high P/B values. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
M&T Bank (NYSE:MTB) has risen 4.8% and is currently trading at $89.96 per share. The company's volume for the day so far is 1.5 million shares. This is 5.5 times its average volume over the past three months. The trading volume for a stock indicates the level of investor interest. Valuation ratios allow the investor to make a quick determination as to a company's investment value. Using price/earnings ratios (P/E ratios) does not give an indication of whether or not an individual company's ratio is reasonable, a shortcoming that can be corrected by using the price/earnings to growth ratio (PEG ratio). MTB has a PEG ratio of 1.18, which is consistent with the industry average. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
Falling 3.6%, China Life Insurance Company Ltd (NYSE:LFC) is currently at a share price of $39.69. At 164,098 shares, the company's volume so far today is in line with the current daily average. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. A price/sales ratio is derived by dividing stock market price by company sales. LFC has a high P/S ratio of 1.28. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Increasing 3.4%, InterOil Corporation (NYSE:IOC) is trading at $81.43 per share. So far today, the company's volume is 238,266 shares. A stock's volume conveys how excited investors are about it. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. IOC's debt ratio of 35.6% is on the low side. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Slipping 3.2%, BP Prudhoe Bay (NYSE:BPT) is currently trading at $105.43 per share. This morning, 121,296 shares have been traded,. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. BPT's dividend yield of 8.5% is on the high end. This could be a sign that the company is a "dividend trap" as companies with high dividends can be risky investments. Simply comparing the level of dividends that two stocks pay does not give a true reflection of which security is more attractive, so investors calculate the dividend yield in order to standardize dividend payments. SEE: Guide To Stock-Picking Strategies: Income Investing
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The biggest movers traded on the NYSE so far are:
| Company | Market Cap | Percentage Change |
| Kenexa (NYSE:KNXA) | $888 million | +41.4% |
| Dollar Thrifty Automotive Group (NYSE:DTG) | $2.26 billion | +7.4% |
| Tiffany (NYSE:TIF) | $7.41 billion | +6.9% |
| M&T Bank (NYSE:MTB) | $10.88 billion | +4.8% |
| China Life Insurance Company Ltd (NYSE:LFC) | $77.61 billion | -3.6% |
| InterOil Corporation (NYSE:IOC) | $3.81 billion | +3.4% |
| BP Prudhoe Bay (NYSE:BPT) | $2.33 billion | -3.2% |
Kenexa (NYSE:KNXA) has soared 41.4% to reach a current price of $45.81 per share. At 6.8 million shares, the company's volume so far today is 26.6 times its current daily average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. KNXA has a debt-equity ratio of 12%, which is on the low side. A low D/E ratio may be a sign that the company is not taking advantage of leverage to increase its profits. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.
After an increase of 7.4%, Dollar Thrifty Automotive Group (NYSE:DTG) has reached a current price of $86.99. The company is currently trading a volume of 6.8 million shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). The P/E ratio for DTG is 13.0, below the industry average of 21.32. A low P/E ratio may indicate that the market expects relatively slower earnings growth. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
Tiffany (NYSE:TIF) is currently trading at $62.54 per share, a 6.9% increase. The company's volume is currently 5.4 million shares for the day, above yesterday's volume of 2.9 million shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The price/book value ratio is one of the more common methods of determining whether a stock is fairly valued. TIF's stock is trading for more than its book value with a P/B ratio of 3.33. It is important to take the company's debt into account when using the P/B ratio as debt can boost a company's liabilities to the point where they wipe out much of the book value of its hard assets, creating artificially high P/B values. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Falling 3.6%, China Life Insurance Company Ltd (NYSE:LFC) is currently at a share price of $39.69. At 164,098 shares, the company's volume so far today is in line with the current daily average. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. A price/sales ratio is derived by dividing stock market price by company sales. LFC has a high P/S ratio of 1.28. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Increasing 3.4%, InterOil Corporation (NYSE:IOC) is trading at $81.43 per share. So far today, the company's volume is 238,266 shares. A stock's volume conveys how excited investors are about it. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. IOC's debt ratio of 35.6% is on the low side. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Slipping 3.2%, BP Prudhoe Bay (NYSE:BPT) is currently trading at $105.43 per share. This morning, 121,296 shares have been traded,. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. BPT's dividend yield of 8.5% is on the high end. This could be a sign that the company is a "dividend trap" as companies with high dividends can be risky investments. Simply comparing the level of dividends that two stocks pay does not give a true reflection of which security is more attractive, so investors calculate the dividend yield in order to standardize dividend payments. SEE: Guide To Stock-Picking Strategies: Income Investing
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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