) --

Panasonic Corporation



) is trading at unusually high volume Thursday with 2.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 44 cents (+3.7%) at $12.37 as of one p.m. ET.

Panasonic has a market cap of $25 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 15.4% year to date as of the close of trading on Wednesday.

Panasonic Corporation, through its subsidiaries, manufactures and sells electronic and electric products, systems, and components for consumer, business, and industrial uses worldwide. The company has a P/E ratio of 14.4, below the average consumer durables industry P/E ratio of 24.5 and below the S&P 500 P/E ratio of 16.9.

TheStreet Ratings rates Panasonic as a

TheStreet Recommends


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Panasonic Ratings Report


See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center


Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting


to 95370 or select from

multiple alert options