Volume Spike: Video Display Corp. (VIDE)

Posted in General, block volume, pre-market 
January 29th, 2009

This may be a false volume spike.  But NASDAQ showed that Video Display Corporation (NASDAQ: VIDE) was one of the most active stocks in pre-market trading.  It showed a huge price spike on more than 100,000 shares.

But after looking at the stock quote and the bid/ask spread, it looks like there could just be some block trades or some possible errors that accounted for this.  That will be worked out on its own and by NASDAQ if an error took place, but here were the two trades:
09:00       $4.05   44,192
09:00      $4.45      57,636

So why would we cover this one?  VIDE on average trades between 10,000 and 15,000 shares per day. It had only 2 trading days of over 100,000 shares so far in 2009, and some days it does not even see 1,000 shares.

52-Week Range: $3.47 to $9.30

Jon C. Ogg
January 29, 2009

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