Avocet Volume Goes Exponential on Buyout (AVCT)

Posted in pre-market 
October 6th, 2009

Avocet Corporation (NASDAQ: AVCT) is surging on already double a full day’s volume.  At 8:17 AM EST we have seen 710,000 shares traded and teh stock is up 20% at $24.80.  Emerson (EMR) is paying $1.2 billion, or $25.00 per share, to acquire the company.  Avocet closed at $20.52 yesterday and trades only 317,000 shares on an average day.  Today will be exponentially above that figure on trading volume.  The prior 52-week high was $21.38. -JON OGG

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