The news keeps a comin'...
Trading at $4.85 after hours :>)
=DJ Earthshell Up-2: Traders Can't Explain Stock Jump
24 Apr 15:58
By Kaja Whitehouse
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Earthshell Container Corp. (ERTH) shares climbed 26% to
a 52-week high of $4.88 Tuesday in what appears to be a news vacuum.
Earthshell didn't release any news that might have caused the jump, nor does
it plan to release any, said Vincent J. Truant, a spokesman for the maker of
biodegradable containers.
Wall Street traders were also at a loss to explain the rise.
Nonetheless, the stock hit a 52-week high of $4.88, topping the previous
52-week high of $4.50 reached last May 5. Shares recently were up 88 cents, or
23%, to $4.70 on volume of 2.6 million shares, compared with average daily
volume of 469,000.
Institutional investors also appeared to be trading the stock, as 13 block
trades between 10,000 and 50,000 crossed hands.
(MORE) DOW JONES NEWS 04-24-01
03:58 PM |
