Clarkson shares are up about 6.4% in early London trading today, changing hands at 5375p, in the first move of this size in the 321 sessions of history held for the stock.
Clarkson (LON: CKN), the London-listed shipping group, was up about 6.4% at 5375p by 8:44am in London today. The shares have traded between 5345p and 5475p so far, a range 130p wide, and the session still has most of its hours to run.
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The company is classed as Industrials, within Marine Shipping, and sits in the FTSE 350 with a market value of £1,545,580,032, or about £1.5bn. At 5375p the shares are 30p above the session low and 100p below the high, so they have eased back from their best of the morning. No cause for the move has been confirmed.
Clarkson’s share price over the month to today, with the session marked. Today’s point is a delayed quote as of 08:44 London time.
How unusual this is
A move is counted here when a FTSE 350 share with a market value of at least £400m rises or falls by 5% or more. Clarkson’s gain of 6.44% clears that bar comfortably and is the second-largest move among those shares so far today.
It is also the first time the stock has cleared it in the 321 sessions of history held for the company. Nothing earlier in that record has matched it, and the stock has not appeared on this list before.
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Clarkson’s daily share price changes over six months, with today’s move in colour.
Trading volume is modest so far. About 28,440 shares have changed hands, against a 20-session average of 46,748, a relative volume of 0.61. That puts turnover at roughly 61% of an average day, although it compares a part-session with full ones. Volume can change quickly as more of the London day trades.
Because most of the session is still to trade, the high of 5475p, the low of 5345p, the volume and the gain of about 6.4% are all provisional. The figures are a snapshot as of 8:44am London time, and the final change for the day will be set only when London trading ends.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
