Volume Spike Investor » SPF; Standard pacific 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 Standard Pacific Setting Record Trading Volume (SPF) http://vsinvestor.com/2008/05/standard-pacific-setting-record-trading-volume-spf.html http://vsinvestor.com/2008/05/standard-pacific-setting-record-trading-volume-spf.html#comments Tue, 27 May 2008 16:38:37 +0000 247admin http://www.vsinvestor.com/?p=29 Standard Pacific Corp. (NYSE: SPF) is almost 50% today on about 5-times normal volume.  In fact, its traded nearly 20,000,000 million shares.  This is one of the home builders that was on the organ transplant list and it finally got some good news today after securing a $530 million from MatlinPatterson Global Advisers.  The investment looks like more than three times the company’s market pre-announcement market cap.  The deal sounds too good to be true for current stockholders. Senior and subordinated debt in the deal both convert above the share price when the deal was set.  No wonder it’s up so much.

On almost 5-times volume and at $3.27, it is well off its lows.  Its old highs might not matter any more and many will still feel that even after a 125% run from the recent lows that a recovery has been effected.  Its 52-week trading range is $1.47 to $22.17.

It’s active enough that we’ve even seen actual trading volume in its $2.50 and $5.00 CALL option strike prices for June, September, and even farther out.

Jon Ogg
May 27, 2008

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