Triple Volume Alert: Hooker Furniture (HOFT)

Posted in General 
June 11th, 2008

Hooker Furniture Corp. (NASDAQ: HOFT) has already tripled its average daily trading volume this morning.  The stock is down some 14% at $17.55 and its normal 117,000 shares a day is now at 358,000 in less than two hours.  The culprit: earnings after the company reported lower sales Tuesday.

The company is rather small with a $202 million market cap, and its 52-week trading range is $15.52 to $24.00.

There is one argument that could always be made here: try changing the company name, particularly in tougher times like we are in.

Jon C. Ogg
June 11, 2008

Leave a Reply

You must be logged in to post a comment.

-->