Stock Market Alert - MOVI Up Big

Posted on Thursday 1 February 2007



Stock Market Alert - MOVI had an extremely strong day on Wednesday, trading up over 14% to close the regular session at $3.83. Volume was a bit heavier than usual, with over 1.8 million shares of the stock changing hands, compared to a normal daily average volume of just over 1.4 million shares traded. The stock closed strong, leading some to believe that news is approaching. If it is news, it probably involves one of two things: their debt, or a potential buyout. The lack of explosive volume leads me to believe that it may be nothing at all, but we will find out later this week.



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