HRCT THE HARTCOURT COMPANIES, INC.
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VOLUME(+): HRCT Volume 41% > 20-adsv, Stock +9.76%
WEDNESDAY, SEPTEMBER 10, 2003 01:16 PM
This is the 1st VOLUME alert for HRCT in the past 7 calendar days.
Trading for The Hartcourt Companies, Inc. (OTCBB: HRCT) has been heavier than usual in today's session. By 13:15 ET, the stock had already traded 432,700 shares via 101 trades. The cumulative volume is 41.29% above its 20-day average of 306,255. Normally the stock experiences around 68 individual trades per session.
So far, today's volume surge has caused a net rise in HRCT's stock price. At the time of this alert, the stock was trading at $0.675, up $0.060 (+9.76%).
One year ago, the Company's shares closed at $0.060. The price has gained more than 1025 percent since then.
Over the last 10 trading session HRCT has traded in a range between $0.570 and $0.648 and is currently trading 39.73% below its 52-week high of $1.120 set on May 16, 2003 and 1367.39% above its 52-week low of $0.046 from September 23, 2002.
In the previous 3 sessions, HRCT trading has displayed a mixed trend. Closing results have been as follows:
September 09, 2003 --- closed at $0.615 up $0.015 (+2.50%) on 317,900 shares
September 08, 2003 --- closed at $0.600 up $0.010 (+1.69%) on 361,700 shares
September 05, 2003 --- closed at $0.590 even for the day on 267,300 shares
The Company last released news on August 14, 2003:
"Hartcourt Subsidiary Signed Exclusive Contract With Haier Group"
THE HARTCOURT COMPANIES, INC.
The Hartcourt Companies, Inc. is an investment holding and corporate development company focusing on the acquisition of private companies within high-growth industries in China with the goal of building stronger businesses. The Company's business strategy is to bring together a group of complimentary companies, add substantial value in terms of financial restructuring, strategic planning and corporate governance to enable these subsidiaries to fully realize the value of their assets and become public companies.
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