Spectrum Pharmaceutecals Inc (SPPI)

[antihama]

Regarding yesterday's volume spike

Spectrum Pharmaceuticals Inc. (SPPI) traded on unusually high volume on Jun. 26, as the stock gained 2.17% to close at $7.54. On the day, Spectrum Pharmaceuticals Inc. saw 1.27 million shares trade hands on 7,570 trades. Considering that the stock averages only a daily volume of 603,966 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

https://www.equities.com/news/spectrum-pharmaceuticals-inc-sppi-moves-higher-on-volume-spike-for-june-26