The furniture chain — known for its iconic La-Z-Boy recliners — experienced high volume in trading today with an average dollar-volume (as measured by average daily share volume multiplied by share price) of $6.5 million.
The company had traded 327.729 shares as of 10:12 a.m. today, trading at 22.00 times the normal volume for the stock at that time of the day. La-Z-Boy is trading at a new high above yesterday’s close.
LZB stock currently has a dividend yield of 1.9%,with 4 analysts rating La-Z-Boy a “buy,” no analysts rate it a “sell” and 2 rate it a “hold.”The average volume for La-Z-Boy has been 338,500 shares per day over the past 30 days.
LZB stock is up 19.3% Thursday.
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