OCR Message Board - Msg: 10034114

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : OCR

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gold Beach who wrote (6)	6/8/1999 1:28:00 PM
From: Susan Saline	Read Replies (1) of 21

Monday June 7, 7:05 pm Eastern Time Omnicaresays can't explain share price drop NEW YORK, June 7 (Reuters) - Omnicare Inc. said Monday it could not explain why its stock sank about 21 percent in heavy trading. The pharmaceutical care company was responding to a request from the New York Stock Exchange for a comment on the drop. The Covington, Ky.-based company was the biggest loser on the New York Stock Exchange after its shares closed down $5 at $19 on volume of more than 2.98 million shares. The daily trading volume of the company, which provides pharmacy and data management services to nursing homes and long-term care facilities, usually averages only about 400,000 shares. ''The company is not aware of the reason for the unusual volume and price decrease that occurred in its common stock on the Exchange today,'' the company said in a written statement.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next