Market Performance
Formula Systems (1985) Ltd. (NASDAQ:FORTY) surged 5.0% in today's trading, closing at $113.98.
The Technology stock traded 1,043.43323 shares, 3.6x its average daily volume of 292 shares.
big mover upNASDAQ:FORTY
Formula Systems (1985) Ltd. (FORTY) Surges 5.0% on Heavy Volume
Market Performance Formula Systems (1985) Ltd. (NASDAQ:FORTY) surged 5.0% in today's trading, closing at $113.98. The Technology stock traded 1,043.43323 shares, 3.6x its average…
Company Overview
Formula Systems (1985) Ltd. has a market capitalization of $2.7B. The stock has traded year-to-date.
Sharp single-day moves like this rally in Formula Systems (1985) Ltd. are often driven by news catalysts — earnings surprises, analyst actions, sector developments, or broader market conditions. Investors should identify the specific driver before making trading decisions, as the sustainability of the move depends on whether the catalyst changes the fundamental outlook.
Today's trading volume of 1,043.43323 shares is 3.6x the average daily volume, indicating significantly elevated interest. Moves on heavy volume are generally considered more meaningful than those on light volume, as they reflect broader participation.
Formula Systems (1985) Ltd. currently trades at $113.98, positioning the stock at the 28th percentile of its 52-week range ($84.52 — $190.56). This range context helps investors assess whether the stock is trading near support, resistance, or fair value relative to its recent history.
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Frequently Asked Questions
What is causing FORTY's price movement?
Price movements can be driven by earnings, analyst actions, or sector trends. Check the latest on our FORTY news page.
What is FORTY's 52-week range?
See full price history and interactive charts on our FORTY chart page.