Matrixx Resumes on Exponential Volume (MTXX)
Matrixx Initiatives Inc. (NASDAQ: MTXX) was halted around 11:34 AM EST today at $8.56, down about 55% from teh $19.24 close on Monday. We had seen trading volume of 3,439,381. This is an exponential surge compared to the 77,000 average daily volume based on the FDA warning letter. This just resumed at 2:55 PM EST [...]
Major Volume Explosion: Matrixx Initiatives, Inc. (MTXX)
Matrixx Initiatives, Inc. (NASDAQ: MTXX) has just seen a major volume explosion, but this is selling volume so far. The company is part of a FDA WARNING LETTER over its Zicam products. Shares are down 42% at $11.02 on more than 1.3 million shares as of 11:19 AM EST. The 52-week trading range is $12.58 [...]
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