IONN: Volume Spike; 106% > 20-adsv, Stock -12.00%
Friday , January 14, 2005 16:10 ET
This is the 2nd VOLUME alert for IONN in the past 7 calendar days.
Trading for Ion Networks, Inc. (OTCBB: IONN) has been heavier than usual in today's session. By 16:10 ET, the stock had already traded 145,400 shares via 70 trades. The cumulative volume is 106.34% above its 20-day average of 70,467. Normally the stock experiences around 31 individual trades per session.
So far, today's volume surge has caused a net decline in IONN's stock price. At the time of this alert, the stock was trading at $0.220, down $-0.030 (-12.00%).
One year ago, the Company's shares closed at $0.090. The price has gained more than 144 percent since then.
Over the last 10 trading session IONN has traded in a range between $0.210 and $0.270 and is currently trading 51.11% below its 52-week high of $0.450 set on November 15,2004 and 340.00% above its 52-week low of $0.050 from June 22,2004.
In the previous 3 sessions, IONN trading has displayed a mixed trend. Closing results have been as follows:
January 13, 2005 --- closed at $0.250 up $0.010 (+4.17%) on 5,750 shares
January 12, 2005 --- closed at $0.240 even for the day on 72,700 shares
January 11, 2005 --- closed at $0.240 up $0.010 (+4.35%) on 6,400 shares
The Company last released news on November 15, 2004:
"ION Networks Receives Purchase Order From General Dynamics"
ION NETWORKS, INC.
ION Networks, Inc. designs, develops, manufactures and sells network and information security and management products to corporations, service providers and government agencies. The Company's hardware and software products are designed to form a secure auditable portal to protect IT and network infrastructure from internal and external security threats. The Company's network and information security solution operates in the IP, data center, telecommunications and transport, and telephony environments and is sold by a direct sales force and indirect channel partners mainly throughout North America and Europe.
Source: Knobias.com |
