A look at the recent trading volume is also revealing -
shows the following numbers:
Date Open High Low Close Adj. Vol. Adj. Close
Jun-13-2000 3.343 3.406 3.187 3.406 228,600 3.406
Jun-12-2000 3.343 3.531 3.25 3.375 282,000 3.375
Jun-9-2000 3.718 3.718 3.375 3.375 46,400 3.375
Jun-8-2000 3.718 3.718 3.562 3.593 46,100 3.593
Jun-7-2000 4.0 4.0 3.625 3.843 92,400 3.843
Jun-6-2000 4.0 4.0 3.5 4.0 275,600 4.0
Jun-5-2000 3.562 4.0 3.437 3.875 232,200 3.875
Jun-2-2000 4.125 4.25 3.5 4.0 132,000 4.0
Jun-1-2000 4.0 4.5 4.0 4.5 49,400 4.5
So total trading volume during the last 10 trading days was 2,000,000 shares aprox. Divide by 2 since it's a stock traded through MM's and we get a volume of 1,000,000 For a stock with a small float, there seems to be a lot of it trading over a short period of time. |
