Level 3 Hits Sub-$1.00… Again (LVLT)
Level 3 Communications (NASDAQ: LVLT) is truly sucking wind this morning. Shares are down 7% at $0.99 on over 6 million shares at 10:09 AM ESt. The average daily volume is almost 28 million shares. It seems that we aren’t alone in our concerns about its recent filing and abilities to raise cash. Shares gave [...]
Price & Volume Alert: Level 3 (LVLT)
Level 3 Communications (NASDAQ: LVLT) has been a head-scratcher yesterday and today. Yesterday we noticed a 2-times volume day with an 8% rise. Now this morning we have seen a sharp move with an 8% gain to $4.04 in an hour and 15 minutes of trading volume. At 13 million shares traded so far, that [...]
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