PCOM: Volume Spike; 33% > 20-adsv, Stock +19.12%
Monday , April 19, 2004 10:15 ET
This is the 1st VOLUME alert for PCOM in the past 7 calendar days.
Trading for P-Com, Inc. (OTCBB: PCOM) has been heavier than usual in today's session. By 10:15 ET, the stock had already traded 2,859,500 shares via 72 trades. The cumulative volume is 33.45% above its 20-day average of 2,142,700. Normally the stock experiences around 91 individual trades per session.
So far, today's volume surge has caused a net rise in PCOM's stock price. At the time of this alert, the stock was trading at $0.081, up $0.013 (+19.12%).
One year ago, the Company's shares closed at $0.100. The price has declined more than 19 percent since then.
Over the last 10 trading session PCOM has traded in a range between $0.058 and $0.078 and is currently trading 77.50% below its 52-week high of $0.360 set on September 09, 2003 and 47.27% above its 52-week low of $0.055 from May 16, 2003.
In the previous 3 sessions, PCOM trading has displayed a mixed trend. Closing results have been as follows:
April 16, 2004 --- closed at $0.068 down $0.002 (-2.86%) on 1,200,900 shares
April 15, 2004 --- closed at $0.070 even for the day on 1,025,300 shares
April 14, 2004 --- closed at $0.070 even for the day on 1,578,200 shares
The Company last released news on April 19, 2004 (today):
"P-Com Reports Fourth Consecutive Quarter of Sequential Revenue Growth"
P-COM, INC.
Develops, manufactures, and markets point-to-point, spread spectrum and point-to-multipoint, wireless access systems to the worldwide telecommunications market.
