HRCT THE HARTCOURT COMPANIES, INC.
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HRCT: Volume Spike; 11% > 20-adsv, Stock -3.31%
WEDNESDAY, JANUARY 21, 2004 11:25 AM
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 11:25 ET, the stock had already traded 494,200 shares via 62 trades. The cumulative volume is 11.34% above its 20-day average of 443,850. Normally the stock experiences around 81 individual trades per session.
So far, today's volume surge has caused a net decline in HRCT's stock price. At the time of this alert, the stock was trading at $0.730, down $-0.025 (-3.31%).
One year ago, the Company's shares closed at $0.066. The price has gained more than 1006 percent since then.
Over the last 10 trading session HRCT has traded in a range between $0.590 and $0.790 and is currently trading 34.82% below its 52-week high of $1.120 set on May 16, 2003 and 1227.27% above its 52-week low of $0.055 from February 18, 2003.
In the previous 3 sessions, HRCT trading has displayed a positive trend. Closing results have been as follows:
January 20, 2004 --- closed at $0.755 up $0.045 (+6.34%) on 2,169,000 shares
January 16, 2004 --- closed at $0.710 up $0.080 (+12.70%) on 1,489,700 shares
January 15, 2004 --- closed at $0.630 up $0.015 (+2.44%) on 310,400 shares
The Company last released news on December 16, 2003:
"Hartcourt Announces Acquisition of Beijing Challenger Group of Companies, Key Distributor of IBM Products"
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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