CYRX: Volume Spike; 23% > 20-adsv, Stock +7.50%
WEDNESDAY, MAY 20, 2009 12:25 PM
This is the 2nd VOLUME alert for CYRX in the past 7 calendar days.
Trading for CryoPort Inc (OTCBB: CYRX) has been heavier than usual in today's session. By 12:25 ET, the stock had already traded 87,200 shares via 38 trades. The cumulative volume is 22.61% above its 20-day average of 71,120. Normally the stock experiences around 18 individual trades per session.
So far, today's volume surge has caused a net rise in CYRX's stock price. At the time of this alert, the stock was trading at $0.860, up $0.060 (+7.50%).
One year ago, the Company's shares closed at $0.860. The price has gained more than 0 percent since then.
Over the last 10 trading session CYRX has traded in a range between $0.500 and $0.870 and is currently trading 14.85% below its 52-week high of $1.010 set on August 08,2008 and 186.57% above its 52-week low of $0.300 from February 23,2009.
In the previous 3 sessions, CYRX trading has displayed a mixed trend. Closing results have been as follows:
May 19, 2009 --- closed at $0.800 up $0.060 (+8.11%) on 123,700 shares
May 18, 2009 --- closed at $0.740 up $0.140 (+23.33%) on 382,500 shares
May 15, 2009 --- closed at $0.600 even for the day on 9,150 shares
The Company last released news on May 19, 2009 (yesterday):
"Webcast Alert: Company Update (Cryoport Inc.)"
CRYOPORT INC
CryoPort Inc develops leading edge, proprietary, technology-driven shipping and storage products for use in the rapidly growing global biotechnology and biopharmaceutical cold shipping chain.