Volume Spike Investor » Akeena Solar http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 Akeena Passes Daily Volume in Near Record Time (AKNS) http://vsinvestor.com/2008/05/akeena-passes-daily-volume-in-near-record-time-akns.html http://vsinvestor.com/2008/05/akeena-passes-daily-volume-in-near-record-time-akns.html#comments Wed, 28 May 2008 14:13:31 +0000 247admin http://www.vsinvestor.com/?p=30 Akeena Solar Inc. (NASDAQ: AKNS) has already passed its average daily trading volume this morning, only about 35 minutes into the trading day.  At $6.59 at 10:05AM EST this stock is up $0.70 or almost 12%.  It has also traded 1,650,154 shares and that is compared to an average daily trading volume of about 1.18 million per day.  This is already almost the most volume seen in a week and this should easily top its most recent active days until you go back to very early in January.

The culprit is a “coverage initiation” from a boutique research firm called Kaufman Bros. late yesterday, where the firm gave Akeena a BUY rating and a $12.00 target.

Unlike many of the other solar players, Akeena is not profitable and is not expected to be profitable in 2008 nor in 2009.

Jon Ogg
May 28, 2008

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