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Thursday, January 05, 2012 4:04:46 AM
By Greg Chalmers
Atrinsic
Shares of Atrinsic (ATRN [FREE Stock Trend Analysis]), the New York City Internet marketing company and owner of music site Kazaa, rose 175% Wednesday on 35 times the average daily volume.
Atrinsic has fallen from $7.68 in March 2011 to less than $0.01 on Tuesday. There was much chatter regarding the stock on Twitter and in chat rooms today, where the move was described as a 'bounce' or a 'short-squeeze'.
Atrinsic shares traded Wednesday in a range of $0.01 to $0.03 and closed at the high of the day.
http://www.benzinga.com/trading-ideas/long-ideas/12/01/2241070/benzingas-microcap-movers-for-wednesday-january-4-2012
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