Exponential Volume Alert in Boise (BZ)

Posted in block volume 
August 24th, 2009

Boise, Inc. (NYSE: BZ) kicked up a highly unusual volume alert in late-morning trading.  We have seen a 9% rise to $4.95, and the 52-week high was hit at $5.19 earlier this morning.  More importantly, shares have traded over 2.2 million with many block sizes, which is more than double the near-900,000 shares on an average day.  There have been recent reports calling for more stabilization in the paper products markets, and that seems to be driving teh interest here in this leveraged stock. -JON OGG

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