RE:RE:RE:Acquisition AnnouncementQuincy2000 wrote: And surprise - the stock is down on this good news on an up day for the markets! Frustrating. I suppose if mgmt can keep layering on these acquisitions and nothing goes wrong, the price will have to gap up eventually.
the stock went from $2.55 to ~$3.80
prior to the last news release, on very heavy volume. that is a huge move. i assume this was due to some sort of leak to institutional investors that acquisition announcements were coming.
the volume today was insigificant - it was entirely retail investors.
this stock will continue to trend upwards as more of these announcements come in and they resume normal operations, IMO. don't forget the stock buyback is still active, which sets a bit of a floor on the share price.