On Assignment, Inc. (ASGN) Sees Strong Trading Volume
On Assignment, Inc. (NASDAQ:ASGN) saw unusually-strong trading volume on Monday . Approximately 278,157 shares were traded during trading, a decline of 11% from the previous session’s volume of 313,876 shares.The stock last traded at $39.85 and had previously closed at $39.77.
Separately, Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, June 22nd.
The company has a 50 day moving average of $37.40 and a 200-day moving average of $36.09. The stock has a market capitalization of $2.14 billion and a P/E ratio of 28.24.
In related news, COO Michael Mcgowan sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $37.01, for a total transaction of $296,080.00. Following the completion of the sale, the chief operating officer now directly owns 207,083 shares of the company’s stock, valued at approximately $7,664,141.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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