Price/Volume Spike in Toyota (TM)

Posted in General 
March 3rd, 2010

Toyota Motor Corp. (NYSE: TM)  is spiking higher this morning.  Maybe it is the realization that many other car companies are having recalls too.  But traders are pouncing on the buy-buttons on the screens at the open.  Shares are gapping up 3% at $76.72 right after the open.  At 9:33 AM EST we have seen 200,000 shares that have traded hands versus 1.8 million shares on average.  This is actually the highest price in the ADR since Feb. 16….

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