Three Highly Unusual Volume Increases: Net Element
Post# of 23098
Posted On: 12/03/2015 8:00:37 AM
Three Highly Unusual Volume Increases: Net Element International Inc (NASDAQ:NETE), FreeSeas Inc (NASDAQ:FREE), Columbia Pipeline Group Inc (NYSE:CPGX)
By Hazel Warner • December 3, 2015
Volume is a primary driver of markets, and is a valuable technical tool. It isn’t easy to interpret though, as sometimes volume spikes are bearish, other times they’re bullish. Rising volume can push stocks down or up, and declining volume can do the same for extended periods of time. Volume analysis therefore needs to be used in a context that takes the larger technical price picture into account. Seeing today’s unusual volume on a stock is like seeing people standing in line overnight to buy the latest and greatest gadget or must-have item. Unusual volume tells you something important is going on with a stock, and you should pay attention. For these stocks with recent usually high volume, the overall technical picture will be used to help gauge in which direction the next tradable moves will be.
Net Element International Inc (NASDAQ:NETE) last session’s volume of 44.77M shares was higher than its average volume of 4.33M shares. The 33.44M Company on Dec 2, 2015 stated that the remaining Series A Convertible Preferred Shares and Warrants held by certain institutional investors were converted to Common Shares of the Company. This conversion retires the last of the outstanding shares of the Series A Convertible Preferred Stock as well as all the Warrants issued to these investors. “We are pleased to have the opportunity to convert the remaining outstanding shares of our convertible preferred stock into common shares,” commented Oleg Firer, CEO of Net Element. “We believe that the conversion of these remaining Series A Preferred Shares and Warrants at a fixed price reduces potential further dilution of our Common Shares.”
FreeSeas Inc (NASDAQ:FREE) recently exchanged hands on above-normal volume of 35.13M shares compared with average daily volume of 8.42M shares. The Marine Freight & Logistics – NEC Company on Nov. 11, 2015 stated that the Company-owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has contracted a voyage charter of approximately 35 days duration, yielding an estimated equivalent T/C rate of approximately $7,000 per day. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and operation of drybulk carriers and also is an owner of a controlling stake in a company commercially operating tankers and dry-bulkers.
Columbia Pipeline Group Inc (NYSE:CPGX) stock traded at a volume of 34.48M shares versus 30-day average of 1.67M shares. The 6.05B Company on Dec. 2, 2015 declared the upsizing and pricing of its previously announced underwritten public offering. Due to strong demand, the size of the offering has been increased from the previously announced 51 million shares of common stock to 71.5 million shares of its common stock at a price of $17.50 per share. In connection with this offering, CPG granted the underwriters a 30-day option to purchase up to 10.725 million additional shares of its common stock. The offering is expected to close on December 7, 2015, subject to certain closing conditions.
By Hazel Warner • December 3, 2015
Volume is a primary driver of markets, and is a valuable technical tool. It isn’t easy to interpret though, as sometimes volume spikes are bearish, other times they’re bullish. Rising volume can push stocks down or up, and declining volume can do the same for extended periods of time. Volume analysis therefore needs to be used in a context that takes the larger technical price picture into account. Seeing today’s unusual volume on a stock is like seeing people standing in line overnight to buy the latest and greatest gadget or must-have item. Unusual volume tells you something important is going on with a stock, and you should pay attention. For these stocks with recent usually high volume, the overall technical picture will be used to help gauge in which direction the next tradable moves will be.
Net Element International Inc (NASDAQ:NETE) last session’s volume of 44.77M shares was higher than its average volume of 4.33M shares. The 33.44M Company on Dec 2, 2015 stated that the remaining Series A Convertible Preferred Shares and Warrants held by certain institutional investors were converted to Common Shares of the Company. This conversion retires the last of the outstanding shares of the Series A Convertible Preferred Stock as well as all the Warrants issued to these investors. “We are pleased to have the opportunity to convert the remaining outstanding shares of our convertible preferred stock into common shares,” commented Oleg Firer, CEO of Net Element. “We believe that the conversion of these remaining Series A Preferred Shares and Warrants at a fixed price reduces potential further dilution of our Common Shares.”
FreeSeas Inc (NASDAQ:FREE) recently exchanged hands on above-normal volume of 35.13M shares compared with average daily volume of 8.42M shares. The Marine Freight & Logistics – NEC Company on Nov. 11, 2015 stated that the Company-owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has contracted a voyage charter of approximately 35 days duration, yielding an estimated equivalent T/C rate of approximately $7,000 per day. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and operation of drybulk carriers and also is an owner of a controlling stake in a company commercially operating tankers and dry-bulkers.
Columbia Pipeline Group Inc (NYSE:CPGX) stock traded at a volume of 34.48M shares versus 30-day average of 1.67M shares. The 6.05B Company on Dec. 2, 2015 declared the upsizing and pricing of its previously announced underwritten public offering. Due to strong demand, the size of the offering has been increased from the previously announced 51 million shares of common stock to 71.5 million shares of its common stock at a price of $17.50 per share. In connection with this offering, CPG granted the underwriters a 30-day option to purchase up to 10.725 million additional shares of its common stock. The offering is expected to close on December 7, 2015, subject to certain closing conditions.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'