Volume Spike Investor » takeover 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 Volume Alert: Harris Corp. (HRS) http://vsinvestor.com/2008/05/volume-alert-harris-corp-hrs.html http://vsinvestor.com/2008/05/volume-alert-harris-corp-hrs.html#comments Fri, 30 May 2008 14:33:59 +0000 247admin http://www.vsinvestor.com/?p=37 Harris Corp. (NYSE: HRS) has already traded 150% of its average daily volume in just an hour since the open.  Average volume is 1.14 million shares and it has already printed 1.85 million shares.

The 5% rise to $65.30 is fairly easy to fathom since there are numerous reports that the company is entertaining suitors to possibly sell the company.  Unfortunately for it, the bids are not said to be very high for the communications and IT company for government and commercial markets.

With a $8.8 Billion market cap, it doesn’t exactly fit the mold of “an easy deal” during the credit crunch and more selective private equity buyers.

Its 52-week trading range is $44.11 to $66.94.

Jon Ogg
May 30, 2008

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