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Today's Major NYSE Movers, Including RAX
This morning has been good for the market, with the Nasdaq increasing 0.1%, the S&P 500 up 0.2% and the Dow climbing 0.3%. 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:
Broker Summary: TD Ameritrade Thinkorswim
Dean Foods (NYSE:DF) rose a significant 36.9% to reach $17 per share. At 17.8 million shares, the company's volume so far today is 4.5 times the average daily volume. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. A price/sales ratio is derived by dividing stock market price by company sales. DF has a low P/S ratio of 0.17. The lower the P/S ratio, the more reasonably price the stock, all else being equal. A limitation of the P/S ratio is that the price component measures only stock market captialization, while sales are a function of the entire capital structure, potentially leading to wide differences between levered and unlevered companies.
Computer (NYSE:CSC) is trading at $29.97 per share, a significant rise of 17.4%. The company is currently trading a volume of 2.6 million shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. CSC's debt ratio of 75.2% is fairly high. This means that most of the company's assets are financed through debt. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Kenexa (NYSE:KNXA) has soared 15.6% to reach a current price of $30.60 per share. At 894,968 shares, the company's volume so far today is above yesterday's volume of 588,067 shares. If a stock price moves on high volume, this means that the change is a significant one. 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. KNXA has a low debt-equity ratio of 13%. This shows that the company's assets are financed primarily through equity. The D/E ratio percentage provides a much more dramatic perspective on a company's leverage position than the debt ratio percentage.
Rackspace Hosting (NYSE:RAX) is currently at $55.14 per share after a dramatic increase of 11.8%. So far today, the company's volume is four million shares. This is 2.1 times the current three-month 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. 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 favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. The P/B ratio for RAX is 11.14, indicating that the stock is trading for more than its book value. This may be a sign that the company is overvalued. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: How Buybacks Warps The Price-To-Book Ratio
International Flavors & Fragrances Inc (NYSE:IFF) rose a significant 10.7% to reach $62.54 per share. At one million shares, the company's volume so far today is 1.9 times the current daily average. A stock's volume conveys how excited investors are about it. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. IFF has a P/E ratio of 17.6, in line with the industry average. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Investment Valuation Ratios: Price/Earnings Ratio
After a big jump of 10.3%, Visteon (NYSE:VC) is trading at $38.82 per share. So far today, the company's volume is 988,098 shares. Volume is used to evaluate how meaningful the price movement of a stock is. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. 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). VC's PEG ratio is 1.87. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
VeriFone Systems (NYSE:PAY) is down 9.2% to reach $35.23 per share. The company's volume is currently 2.8 million shares for the day, whereas yesterday, volume was only 1.1 million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. A company's value as an investment is more easily estimated using valuation ratios such as 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. The price/sales ratio measures a company's stock market price by its revenues. The P/S ratio for PAY is a high 3.17. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
The biggest movers traded on the NYSE so far are:
| Company | Market Cap | Percentage Change |
| Dean Foods (NYSE:DF) | $2.29 billion | +36.9% |
| Computer Sciences (NYSE:CSC) | $3.96 billion | +17.4% |
| Kenexa Corporation (NYSE:KNXA) | $723.8 million | +15.6% |
| Rackspace Hosting, Inc. (NYSE:RAX) | $6.66 billion | +11.8% |
| International Flavors & Fragrances Inc. (NYSE:IFF) | $4.58 billion | +10.7% |
| Visteon Corporation (NYSE:VC) | $1.85 billion | +10.3% |
| VeriFone Systems Inc (NYSE:PAY) | $4.18 billion | -9.2% |
Dean Foods (NYSE:DF) rose a significant 36.9% to reach $17 per share. At 17.8 million shares, the company's volume so far today is 4.5 times the average daily volume. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. A price/sales ratio is derived by dividing stock market price by company sales. DF has a low P/S ratio of 0.17. The lower the P/S ratio, the more reasonably price the stock, all else being equal. A limitation of the P/S ratio is that the price component measures only stock market captialization, while sales are a function of the entire capital structure, potentially leading to wide differences between levered and unlevered companies.
Computer (NYSE:CSC) is trading at $29.97 per share, a significant rise of 17.4%. The company is currently trading a volume of 2.6 million shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. CSC's debt ratio of 75.2% is fairly high. This means that most of the company's assets are financed through debt. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Kenexa (NYSE:KNXA) has soared 15.6% to reach a current price of $30.60 per share. At 894,968 shares, the company's volume so far today is above yesterday's volume of 588,067 shares. If a stock price moves on high volume, this means that the change is a significant one. 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. KNXA has a low debt-equity ratio of 13%. This shows that the company's assets are financed primarily through equity. The D/E ratio percentage provides a much more dramatic perspective on a company's leverage position than the debt ratio percentage.
Rackspace Hosting (NYSE:RAX) is currently at $55.14 per share after a dramatic increase of 11.8%. So far today, the company's volume is four million shares. This is 2.1 times the current three-month 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. 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 favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. The P/B ratio for RAX is 11.14, indicating that the stock is trading for more than its book value. This may be a sign that the company is overvalued. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: How Buybacks Warps The Price-To-Book Ratio
International Flavors & Fragrances Inc (NYSE:IFF) rose a significant 10.7% to reach $62.54 per share. At one million shares, the company's volume so far today is 1.9 times the current daily average. A stock's volume conveys how excited investors are about it. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. IFF has a P/E ratio of 17.6, in line with the industry average. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Investment Valuation Ratios: Price/Earnings Ratio
After a big jump of 10.3%, Visteon (NYSE:VC) is trading at $38.82 per share. So far today, the company's volume is 988,098 shares. Volume is used to evaluate how meaningful the price movement of a stock is. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. 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). VC's PEG ratio is 1.87. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
VeriFone Systems (NYSE:PAY) is down 9.2% to reach $35.23 per share. The company's volume is currently 2.8 million shares for the day, whereas yesterday, volume was only 1.1 million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. A company's value as an investment is more easily estimated using valuation ratios such as 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. The price/sales ratio measures a company's stock market price by its revenues. The P/S ratio for PAY is a high 3.17. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
by
Investopedia Staff
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