Vonage Plays Give-Back (VG)

Posted in General 
October 8th, 2009

Vonage Holdings Corporation (NYSE: VG) is playing give-back right after the open…. Shares closed up sharply at $2.00 yesterday from $1.44 on the day before, and the trading volume was listed as a whopping 95 million shares after Citi tripled its price target.   At 9:38 AM EST we have already seen over 7.5 million shares trade hands, and that would be the average daily volume had it not been for yesterday’s volume surge.  This one opened at $2.00 again this morning, but shares are now down 6.5% at $1.87.   -JON C. OGG

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