Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from Digital Realty Trust Inc. (DLR), as one of the best performers in the sector during morning trading on September 22. At the lunch break, shares of DLR have advanced 3.41% to $98.75 after closing the day prior at $95.49. In morning action, the stock has moved as high as $98.8 and as low as $95.99. Today’s rise has come with about 755,539 shares changing hands, compared to an average 30-day volume of 1.56 million for Digital Realty Trust Inc.. The price is currently below the 30-day volume weighted average price of $98.0 for DLR.
The share appreciation gives the company a market capitalization of $14.02 billion based upon 146.86 million shares outstanding. It also means that DLR has a price-to-book ratio of 4.68:1.
In the past 52 weeks, shares of DLR have traded as low as $62.42 and as high as $113.21. Technical traders will take note that at $98.75, shares of DLR are trading above their 200-day MA at $89.3 and below their 50-day MA at $100.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is DLR?
Digital Realty Trust Inc is a real estate investment trust. It owns, acquires, develops and operates data centers. Its portfolio includes infrastructure that supports the applications & day-to-day operations of social networking and mobile communications. The company’s 1295 employees are led by CEO A. William Stein from the corporate headquarters at Four Embarcadero Center in San Francisco, CA.
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