Relx (NYSE:RELX) Sees Large Volume Increase – Here’s Why

Relx Plc (NYSE:RELX) shares saw unusually-strong trading volume on Friday . Approximately 3,719,273 shares were traded during mid-day trading, an increase of 341% from the previous session’s volume of 843,997 shares.The stock last traded at $45.80 and had previously closed at $45.78.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RELX. StockNews.com began coverage on Relx in a research report on Wednesday, October 30th. They set a “hold” rating for the company. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Trading Down 0.3 %

The company’s fifty day moving average is $47.04 and its 200 day moving average is $46.47.

Institutional Investors Weigh In On Relx

Hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA grew its position in shares of Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Relx during the second quarter worth approximately $72,000. Ashton Thomas Private Wealth LLC bought a new position in Relx during the 2nd quarter worth $107,000. Wilmington Savings Fund Society FSB acquired a new position in Relx in the 3rd quarter valued at $125,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Relx by 119.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock valued at $126,000 after acquiring an additional 1,490 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.