“24/7 Wall St. often looks for crazy volume moves and there are more than just a handful today.
AFC Enterprises, Inc. (NASDAQ: AFCE) is up 8% at $32.41 after being called a Buy by Jim Cramer last night. Interestingly enough, this is a 52-week high as the prior 52-week range was $15.33 to $32.26. We have seen 390,000 shares trade hands versus a usual volume of about 150,000.
American Public Education, Inc. (NASDAQ: APEI) is down 7% at $36.20 after yesterday’s earnings against a 52-week range of $24.88 to $42.17 and the 403,000 shares so far compares to a mere average daily volume of only 93,000 shares.
Atlantic Power Corporation (NYSE: AT) is down 29% at $7.06 at a new 52-week low under the prior range of $9.90 to $15.18 after earnings and cutting its dividend. The 7.2 million shares so far is closing in on a 10X volume spike versus the average volume of 828,000 shares.
EV Energy Partners LP (NASDAQ: EVEP) is down 7% at $52.07 against a 52-week range of $43.56 to $73.75. We have seen volume of 1.04 million shares (or units) versus average daily volume of only 278,000.
Foster Wheeler AG (NASDAQ: FWLT) is down almost 17% at $19.98 against a 52-week range of $15.26 to $27.13 after earnings were light this morning. What really stands out is the 7.45 million shares versus an average daily volume of 873,000 shares. That will be a 10X volume spike by the end of the day. This is the highest volume going back to 10.3 million shares one day all the back on November 30, 2011.
GMX Resources Inc. (NYSE: GMXR) is one hardly ever mentioned or noticed, but not this Friday. At $3.58, the 48% gain is on volume of over 4 million shares. That is a 30X volume spike against an average volume of about 134,000 shares. We went back over three years ago and could not find a day with this much trading volume….”
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