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

Relx Plc (NYSE:RELX) shares saw strong trading volume on Friday . 3,719,273 shares were traded during 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.

Analyst Ratings Changes

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

Relx Stock Down 0.7 %

The stock’s 50 day moving average is $47.01 and its 200 day moving average is $46.49.

Hedge Funds Weigh In On Relx

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Relx by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,519 shares of the technology company’s stock valued at $207,000 after buying an additional 578 shares in the last quarter. &PARTNERS acquired a new position in shares of Relx in the second quarter valued at about $518,000. Calamos Wealth Management LLC bought a new position in Relx during the second quarter worth about $826,000. Verdence Capital Advisors LLC raised its stake in Relx by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 41,469 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 366 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Relx by 71.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,458 shares of the technology company’s stock valued at $572,000 after purchasing an additional 5,211 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.