Latest news with #DeckersOutdoor
Yahoo
2 days ago
- Business
- Yahoo
Deckers Outdoor (DECK) Surges 14.66% on Impressive Income
We recently published . Deckers Outdoor Corporation (NYSE:DECK) is one of the biggest performers recently. Shares of Deckers Outdoor rallied by 14.66 percent week-on-week, from $101.91 to $116.85 last Friday, following an impressive earnings performance in the first quarter of fiscal year 2026. Last week, Deckers Outdoor Corporation (NYSE:DECK) announced that its net income increased by 20.2 percent to $139 million in the first quarter of fiscal year ending June 30, from $115.6 million in the same period last year. Net sales also jumped by 16.8 percent to $964 million from $825 million. In terms of net sales by brand, HOKA contributed $653.1 million, while UGG contributed $265.1 million. The balance was attributed to sales from other brands in its portfolio. Karramba Production/ Looking ahead, Deckers Outdoor Corporation (NYSE:DECK) said that it was targeting to hit between $1.38 billion and $1.42 billion in net sales for the quarter ending September 2025, with diluted earnings per share of $1.50 to $1.55, excluding the impact from additional share repurchases. While we acknowledge the potential of DECK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Down 48%, This Growth Stock Looks Like a No-Brainer Buy
Key Points Over its history, Deckers has been a top performer on the stock market. The stock plunged early in the year on fears of tariffs and weakening consumer sentiment. The company's first-quarter numbers showed off surging international growth. 10 stocks we like better than Deckers Outdoor › Deckers Outdoor (NYSE: DECK) has been quietly been one of the best-performing stocks on the market over its history, returning nearly 10,000% since its 1993 initial public offering (IPO). In recent years, the footwear company's success has been driven by the growth of two brands, Hoka and Ugg, known respectively for running shoes and sheepskin boots. Deckers, which acquired both of those brands when they were just start-ups, has proven itself to be a savvy brand manager, scaling up each brand through marketing, manufacturing, and distribution. And it's achieved industry-leading gross margins, approaching 60%. However, the stock has struggled more recently, diving this year amid concerns about slowing growth and tariffs. Even after a strong first-quarter earnings report last week, shares are still down 48% from their peak earlier this year. That sell-off presents an excellent buying opportunity. Let's take a closer look at why. 1. The sell-off seems to be an overreaction Sustaining a growth rate of 20% or higher over a long period of time is difficult for any consumer brands, so some skepticism about the sustainability of brands like Ugg and Hoka is understandable. However, that reached a fever pitch after the company's earnings report in April, for the fourth quarter of its fiscal year 2025: Overall revenue growth slowed to 6.5%, including 10% growth in Hoka and 3.6% growth in Ugg. At that time, management refused to give full-year guidance due to macroeconomic uncertainty related to global trade policies. It did give a weak forecast for the first quarter, calling for revenue of $890 million to $910 million. The company just blew past that guidance, with revenue of $964.5 million in the first quarter. Its bottom-line result of $0.93 in earnings per share (EPS) was also much better than its guidance for $0.62 to $0.67. First-quarter growth was driven by strength in the international market and the wholesale channel. However, second-quarter guidance was once again muted due to uncertainty around trade; it calls for 7% revenue growth at the midpoint of its range of $1.38 billion to $1.42 billion, and EPS of $1.50 to $1.55, down from $1.59 in the prior-year quarter. Deckers has beaten analysts' EPS consensus by double-digit percentages in each of the last four quarters, a good indication that its guidance could prove to be conservative once again. While there's still uncertainty, Deckers' momentum seems stronger than investors believe. 2. The stock looks cheap Even after jumping 12% on its first-quarter report on Friday, Deckers still looks like a good value. The stock is trading at a price-to-earnings (P/E) ratio of 18, more cheaply than a number of its peers in the footwear and apparel sector -- not to mention the S&P 500, which is trading at a P/E of 28. Essentially, that means that investors expect the company to grow at less than two-thirds the pace of the broad market over the long term. But that seems like a mistake, given that Deckers just reported 17% revenue growth in the first quarter with 20% growth in Hoka and 19% at Ugg. Additionally, Deckers has a strong balance sheet with no debt and $1.7 billion in cash, equivalent to about 10% of its market cap. The company is also taking advantage of the discount in its stock price by buying back shares. Over the last four quarters, Deckers has reduced its shares outstanding by nearly 4 million, or 2.5%. In the most recent quarter, it bought back 1.7 million shares, and it has $2.4 billion remaining under a repurchase authorization. 3. The international market is strong Peers like Nike make the majority of their sales in international markets, and Deckers seems to be on its way to doing the same. In the first quarter, international sales made up nearly half of its revenue, growing 49.7% to $463.3 million. Management credited strong performance in the Asia-Pacific and Europe, Middle East, and Africa (EMEA) regions, including at its owned stores in China. There's also been a strong response to the new Hoka Arahi 8 model, which the company said had achieved double-digit weekly sell-throughs since launch in EMEA -- meaning stores are selling more than 10% of inventory each week -- and significant volume gains in China. This strength outside the U.S. should give investors some confidence that Deckers Outdoor can overcome any volatility in the U.S. related to tariffs. At the current price, the stock looks like a good bet to outperform, especially after the strong first-quarter earnings report. Should you invest $1,000 in Deckers Outdoor right now? Before you buy stock in Deckers Outdoor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Deckers Outdoor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Jeremy Bowman has positions in Nike. The Motley Fool has positions in and recommends Deckers Outdoor and Nike. The Motley Fool has a disclosure policy. Down 48%, This Growth Stock Looks Like a No-Brainer Buy was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Analysts Conflicted on These Consumer Cyclical Names: Deckers Outdoor (DECK) and Taylor Morrison (TMHC)
Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Deckers Outdoor (DECK – Research Report) and Taylor Morrison (TMHC – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Deckers Outdoor (DECK) Seaport Global analyst Mitch Kummetz maintained a Hold rating on Deckers Outdoor yesterday. The company's shares closed last Friday at $116.85, close to its 52-week low of $110.75. Kummetz has an average return of 28.4% when recommending Deckers Outdoor. According to Kummetz is ranked #442 out of 9922 analysts. Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $130.28, implying a 5.5% upside from current levels. In a report issued on July 17, Bank of America Securities also maintained a Hold rating on the stock with a $114.00 price target. Taylor Morrison (TMHC) J.P. Morgan analyst Michael Rehaut maintained a Buy rating on Taylor Morrison on July 24 and set a price target of $74.00. The company's shares closed last Friday at $60.75. According to Rehaut is a 4-star analyst with an average return of 6.0% and a 55.0% success rate. Rehaut covers the NA sector, focusing on stocks such as Installed Building Products, Century Communities, and Toll Brothers. Taylor Morrison has an analyst consensus of Strong Buy, with a price target consensus of $75.14, which is a 23.0% upside from current levels. In a report issued on July 22, Seaport Global also upgraded the stock to Buy with a $85.00 price target.
The Advertiser
2 days ago
- Business
- The Advertiser
S&P 500, Nasdaq strong; Deckers soars on UGG demand
The S&P 500 and Nasdaq notched record high closes, lifted by optimism that the US could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet US President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a US-EU trade deal were "50-50". Deckers Outdoor soared 11 per cent after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5 per cent after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more scepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40 per cent to end the session at 6,388.64 points. The Nasdaq gained 0.24 per cent to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47 per cent to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17 per cent, followed by a 0.98 per cent gain in industrials. For the week, the S&P 500 climbed 1.5 per cent, the Nasdaq added 1.0 per cent and the Dow rose 1.3 per cent. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the US Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60 per cent chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18 per cent after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6 per cent after US regulators approved its $US8.4-billion ($A12.8 billion) merger with Skydance Media. Health insurer Centene rose 6.1 per cent after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7 per cent year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft , Apple, Amazon and Meta Platforms . Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on US exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions. The S&P 500 and Nasdaq notched record high closes, lifted by optimism that the US could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet US President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a US-EU trade deal were "50-50". Deckers Outdoor soared 11 per cent after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5 per cent after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more scepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40 per cent to end the session at 6,388.64 points. The Nasdaq gained 0.24 per cent to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47 per cent to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17 per cent, followed by a 0.98 per cent gain in industrials. For the week, the S&P 500 climbed 1.5 per cent, the Nasdaq added 1.0 per cent and the Dow rose 1.3 per cent. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the US Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60 per cent chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18 per cent after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6 per cent after US regulators approved its $US8.4-billion ($A12.8 billion) merger with Skydance Media. Health insurer Centene rose 6.1 per cent after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7 per cent year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft , Apple, Amazon and Meta Platforms . Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on US exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions. The S&P 500 and Nasdaq notched record high closes, lifted by optimism that the US could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet US President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a US-EU trade deal were "50-50". Deckers Outdoor soared 11 per cent after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5 per cent after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more scepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40 per cent to end the session at 6,388.64 points. The Nasdaq gained 0.24 per cent to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47 per cent to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17 per cent, followed by a 0.98 per cent gain in industrials. For the week, the S&P 500 climbed 1.5 per cent, the Nasdaq added 1.0 per cent and the Dow rose 1.3 per cent. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the US Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60 per cent chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18 per cent after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6 per cent after US regulators approved its $US8.4-billion ($A12.8 billion) merger with Skydance Media. Health insurer Centene rose 6.1 per cent after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7 per cent year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft , Apple, Amazon and Meta Platforms . Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on US exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions. The S&P 500 and Nasdaq notched record high closes, lifted by optimism that the US could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet US President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a US-EU trade deal were "50-50". Deckers Outdoor soared 11 per cent after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5 per cent after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more scepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40 per cent to end the session at 6,388.64 points. The Nasdaq gained 0.24 per cent to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47 per cent to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17 per cent, followed by a 0.98 per cent gain in industrials. For the week, the S&P 500 climbed 1.5 per cent, the Nasdaq added 1.0 per cent and the Dow rose 1.3 per cent. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the US Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60 per cent chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18 per cent after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6 per cent after US regulators approved its $US8.4-billion ($A12.8 billion) merger with Skydance Media. Health insurer Centene rose 6.1 per cent after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7 per cent year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft , Apple, Amazon and Meta Platforms . Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on US exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions.
West Australian
3 days ago
- Business
- West Australian
S&P 500, Nasdaq strong; Deckers soars on UGG demand
The S&P 500 and Nasdaq notched record high closes, lifted by optimism that the US could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet US President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a US-EU trade deal were "50-50". Deckers Outdoor soared 11 per cent after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5 per cent after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more scepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40 per cent to end the session at 6,388.64 points. The Nasdaq gained 0.24 per cent to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47 per cent to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17 per cent, followed by a 0.98 per cent gain in industrials. For the week, the S&P 500 climbed 1.5 per cent, the Nasdaq added 1.0 per cent and the Dow rose 1.3 per cent. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the US Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60 per cent chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18 per cent after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6 per cent after US regulators approved its $US8.4-billion ($A12.8 billion) merger with Skydance Media. Health insurer Centene rose 6.1 per cent after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7 per cent year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft , Apple, Amazon and Meta Platforms . Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on US exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions.
