Scotts Miracle-Gro Company (The) (NYE:SMG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 13, gaining 7.12% to close the day at $89.83 after opening the trading day at $81.59. Today’s rise came with about 2.18 million shares changing hands, compared to an average of 30-day volume of 561,379 for Scotts Miracle-Gro Company (The). Shares moved as high at $89.86 and as low as $81.4765 in today’s action.
The share appreciation gives the company a market capitalization of $5.0 billion based upon 59.57 million shares outstanding.
In the past 52 weeks, shares of Scotts Miracle-Gro Company (The) have traded as low as $65.8 and as high as $98.816. Technical traders will take note that at $89.83, shares of SMG are trading below their 50-day moving average (MA) at $90.247 and above their 200-day MA at $88.839. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.
Who is SMG?
The Scotts Miracle Gro Co is operative in the agricultural industry. It manufactures and sells dry, granular slow-release lawn fertilizers, combination lawn fertilizer and control products. The company is working from its headquarters in Marysville, OH.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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